https://www.taxtmi.com/caselaws?id=53554 The appeal filed by the revenue was allowed by the High Court, citing the Supreme Court decision in Metal Box India v. CCE, Madras. The court held that interest accrued on advances should be included in the assessable value unless the assessee demonstrates that the interest amount was adjusted against the price at the time of delivery, establishing a nexus between the advance received and the price charged. The burden to prove that the lower price was influenced by interest-free advances lies with the revenue when there are different prices based on advances made, as highlighted in Commissioner of Central Excise, Mumbai-III v. I.S.P.L. Industries Ltd. en-us Fri, 01 Oct 2004 00:00:00 +0530 Wed, 13 Oct 2010 18:28:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53554 The appeal filed by the revenue was allowed by the High Court, citing the Supreme Court decision in Metal Box India v. CCE, Madras. The court held that interest accrued on advances should be included in the assessable value unless the assessee demonstrates that the interest amount was adjusted against the price at the time of delivery, establishing a nexus between the advance received and the price charged. The burden to prove that the lower price was influenced by interest-free advances lies with the revenue when there are different prices based on advances made, as highlighted in Commissioner of Central Excise, Mumbai-III v. I.S.P.L. Industries Ltd. Case-Laws Central Excise Fri, 01 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53554