https://www.taxtmi.com/caselaws?id=50753 Notional interest on advance payments received from buyers is not includable in the assessable value of excisable goods unless a direct nexus is shown between the advance and a reduction in price. An advance payment, by itself, remains part of the price and does not become additional consideration. The fact that the goods were tailor-made did not remove the need to prove depressed pricing, and the supposed saving of commercial borrowing was too remote to establish the required nexus. The valuation adopted by the lower authorities was therefore set aside and relief followed in favour of the assessee. en-us Wed, 16 May 2001 00:00:00 +0530 Wed, 08 Sep 2010 12:48:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50753 Notional interest on advance payments received from buyers is not includable in the assessable value of excisable goods unless a direct nexus is shown between the advance and a reduction in price. An advance payment, by itself, remains part of the price and does not become additional consideration. The fact that the goods were tailor-made did not remove the need to prove depressed pricing, and the supposed saving of commercial borrowing was too remote to establish the required nexus. The valuation adopted by the lower authorities was therefore set aside and relief followed in favour of the assessee. Case-Laws Central Excise Wed, 16 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50753