1997 (5) TMI 174

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ajamohideen, JDR, for the Respondent. [Order per : G.A. Brahma Deva, Member (J)]. -  The short point to be considered in the instant case is whether notional interest on deposit is to be included in the assessable value of goods manufactured and cleared by the assessees. 2. Heard both the sides. 3. In the case of Metal Box India Ltd., reported in 1989 (39) E.L.T. 79, the....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... no incidence have been let in to prove that the assessable value of the excisable goods is influenced as to bring down the value due to collection of advance deposit from the customers". He submitted that in view of the observations made by the Supreme Court in the case of Metal Box India Ltd., it is clear that burden lies on the department to prove that there was a link between interest on depos....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....r were manufactured within a month of the placing of the order. Price of a set of 4 to 5 containers ranged between Rs. 20,000/- to Rs. 25,000/-, a part of which was received as advance and retained for about a month. Though the total amount of advance collected during four years ranged from Rs. six and odd crores to Rs. ten and odd crores, they were received not from a single or a few buyers, but ....