https://www.taxtmi.com/caselaws?id=437571 Notional interest on customer advances is includible in the assessable value of tailor-made goods for central excise only when the revenue proves a nexus between the advances and the sale price and shows that the price was depressed because of those advances. On the facts noted, there was no evidence that the advances earned interest or affected the pricing of the goods, so mere receipt of advances could not justify adding notional interest to value. The inclusion was therefore held unsustainable, and the consequential duty, penalty, and valuation adjustment could not be maintained. en-us Tue, 14 Mar 2023 00:00:00 +0530 Mon, 08 May 2023 18:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437571 Notional interest on customer advances is includible in the assessable value of tailor-made goods for central excise only when the revenue proves a nexus between the advances and the sale price and shows that the price was depressed because of those advances. On the facts noted, there was no evidence that the advances earned interest or affected the pricing of the goods, so mere receipt of advances could not justify adding notional interest to value. The inclusion was therefore held unsustainable, and the consequential duty, penalty, and valuation adjustment could not be maintained. Case-Laws Central Excise Tue, 14 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437571