2000 (1) TMI 759

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....e Appellant. Shri K.M. Patwari, JDR, for the Respondent. [Order per : Gowri Shankar, Member (T)]. - Appeal taken up for disposal, after waiving deposit. 2. The question for consideration in this appeal is whether the notional interest due but not actually paid on advances taken by the appellant from its customers to be included in the assessable value of the goods manufactured and....

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....unt invested is not adjusted against the price. This is the view that the departmental representative adopts. This is nothing more than a mere presumption and is unsupported by any evidence. As against this view, the contention of the advocate that advance was taken solely in order to ensure that the customers do not back out from the orders with the result leaving the manufacturer holding the goo....