1998 (5) TMI 201

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....or the Appellant. Shri S.V. Singh, JDR, for the Respondent. [Order per : K.S. Venkataramani, Vice President]. - Since the issue relates to valuation of the tailor made electrical machinery and equipments manufactured by the Appellant falling under Chapter 85.90 (sic) of Central Excise Tariff Act and is covered by precedent decisions, and therefore we grant stay, and with the consent of the pa....

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....It is however, seen on hearing both the sides that the matter stands settled by the precedent decision of the Tribunal which has followed Supreme Court judgment in the case of Metal Box India v. Collector - 1995 (75) E.L.T. 449. The principles to be applied in such cases is now well settled. Notional interest on advances received from customers is to be added to the assessable value of the final p....