2001 (8) TMI 909

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....George, DR, for the Respondent. [Order per : J.H. Joglekar, Member (T)]. -  The appellants were not present. We are deciding the appeal on merits after hearing Shri George, JDR for the Revenue. 2. The appellants had taken advance from their buyers of their products. Show cause notice was issued mentioning this fact and seeking addition to the assessable value of the notional int....

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....urt observed that the assessee had taken advance to secure their credit position and that there was no nexus between the fact of advance being taken and any reduction in the assessable value on that account. In the judgment in the case of CCE v. Newdhan Electricals [1998 (100) E.L.T. 113 (Tri.)], the Tribunal observed that there was no allegation in the show cause notice that the deposit was of th....