https://www.taxtmi.com/caselaws?id=43068 Excise valuation of tailor-made machinery requires a factual determination whether customer advances or security deposits constitute additional consideration and depress the sale price. Notional interest cannot be included in assessable value as a general rule; the transaction's character, the goods and the actual use of deposits must be examined under the statutory valuation framework. Administrative instructions dispensing with proof of nexus between deposits and sale price are inconsistent with that framework. Directions under Section 37B cannot require automatic inclusion of notional interest or displace the independent statutory judgment of quasi-judicial excise authorities. en-us Wed, 10 Apr 1991 00:00:00 +0530 Wed, 16 Jun 2010 09:59:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=43068 Excise valuation of tailor-made machinery requires a factual determination whether customer advances or security deposits constitute additional consideration and depress the sale price. Notional interest cannot be included in assessable value as a general rule; the transaction's character, the goods and the actual use of deposits must be examined under the statutory valuation framework. Administrative instructions dispensing with proof of nexus between deposits and sale price are inconsistent with that framework. Directions under Section 37B cannot require automatic inclusion of notional interest or displace the independent statutory judgment of quasi-judicial excise authorities. Case-Laws Central Excise Wed, 10 Apr 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=43068