https://www.taxtmi.com/caselaws?id=44800 Notional interest on interest-free security deposits taken from some wholesale dealers was held not includible in the assessable value of cigarettes for excise duty. The factory-gate price was uniform for cash and credit buyers, and the deposits were used only to secure credit risk. There was no evidence that the deposits affected the sale price or that any reduced price, discount, or special consideration was granted to depositing dealers. On those facts, the price paid remained the sole consideration, Rule 5 valuation did not apply, and precedents involving large advances and differential pricing were treated as inapplicable. en-us Thu, 08 Jan 1998 00:00:00 +0530 Tue, 30 Dec 2025 17:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=44800 Notional interest on interest-free security deposits taken from some wholesale dealers was held not includible in the assessable value of cigarettes for excise duty. The factory-gate price was uniform for cash and credit buyers, and the deposits were used only to secure credit risk. There was no evidence that the deposits affected the sale price or that any reduced price, discount, or special consideration was granted to depositing dealers. On those facts, the price paid remained the sole consideration, Rule 5 valuation did not apply, and precedents involving large advances and differential pricing were treated as inapplicable. Case-Laws Central Excise Thu, 08 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=44800