https://www.taxtmi.com/caselaws?id=35502 The Tribunal dismissed the Revenue's appeal, ruling that notional interest on advances taken from customers should not be added to the assessable value of goods unless it is shown that the advance influenced the price. The Tribunal found that the definition of 'transaction value' does not support including notional interest as an additional consideration, in line with the Supreme Court precedent and Explanation 2 to Rule 6 of the Central Excise Valuation Rules, 2000. The Tribunal upheld the Commissioner (Appeals) order, deeming the Revenue's appeal meritless. en-us Wed, 22 Apr 2009 00:00:00 +0530 Wed, 10 Mar 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35502 The Tribunal dismissed the Revenue's appeal, ruling that notional interest on advances taken from customers should not be added to the assessable value of goods unless it is shown that the advance influenced the price. The Tribunal found that the definition of 'transaction value' does not support including notional interest as an additional consideration, in line with the Supreme Court precedent and Explanation 2 to Rule 6 of the Central Excise Valuation Rules, 2000. The Tribunal upheld the Commissioner (Appeals) order, deeming the Revenue's appeal meritless. Case-Laws Central Excise Wed, 22 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35502