https://www.taxtmi.com/caselaws?id=51347 Notional interest on buyer advances was held not includible in assessable value where the revenue could not establish a sufficient nexus with the contract price and the relevant facts had been disclosed, so the demand also failed on limitation. Inspection charges recovered for third-party inspection in relation to wagon supplies were likewise not sustained as part of the assessable value. As the duty demand did not survive on merits and limitation, the penalties under the Central Excise Rules, 1944 and Section 11AC of the Central Excise Act, 1944 were also set aside. The assessee succeeded on all issues. en-us Tue, 16 Jul 2002 00:00:00 +0530 Fri, 24 Sep 2010 12:24:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51347 Notional interest on buyer advances was held not includible in assessable value where the revenue could not establish a sufficient nexus with the contract price and the relevant facts had been disclosed, so the demand also failed on limitation. Inspection charges recovered for third-party inspection in relation to wagon supplies were likewise not sustained as part of the assessable value. As the duty demand did not survive on merits and limitation, the penalties under the Central Excise Rules, 1944 and Section 11AC of the Central Excise Act, 1944 were also set aside. The assessee succeeded on all issues. Case-Laws Central Excise Tue, 16 Jul 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51347