2000 (3) TMI 884

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....or the Respondent. [Order per : Gowri Shankar, Member (T)]. - In the order impugned in this appeal the Commissioner has confirmed the demand for differential duty on the machinery manufactured and cleared by the appellant, on the ground that their assessable value be increased by the notional interest computed on the interest free advance taken by the appellant from its buyer. 2. We have ....

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.... no evidence to support his view, or to say, as appellant contends that the advances were received only as security against possible cancellation, was wrong. Advances were taken from the buyers who had ordered the goods. No advance would have been taken if the goods had not been ordered. It does not show that by the fact of these advances, the price of the goods, which would otherwise be higher, h....