https://www.taxtmi.com/caselaws?id=30342 Notional interest on buyer advances can be added to assessable value for central excise only where the Revenue proves that the advances influenced and depressed the sale price, so the charged price was not the normal price. On the facts noted, the Department already knew of the advances and the contractual arrangement, and similar proceedings had earlier been dropped; in that setting, suppression of facts was not established. The extended period of limitation therefore could not be invoked, and the demand based on notional interest failed both on merits and on limitation. en-us Wed, 06 Aug 2008 00:00:00 +0530 Sat, 04 Oct 2008 11:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30342 Notional interest on buyer advances can be added to assessable value for central excise only where the Revenue proves that the advances influenced and depressed the sale price, so the charged price was not the normal price. On the facts noted, the Department already knew of the advances and the contractual arrangement, and similar proceedings had earlier been dropped; in that setting, suppression of facts was not established. The extended period of limitation therefore could not be invoked, and the demand based on notional interest failed both on merits and on limitation. Case-Laws Central Excise Wed, 06 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30342