1997 (4) TMI 438

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....r the Respondent. [Order per : Gowri Shankar, Member (T)]. - The question for decision in this appeal is whether the notional interest on advances taken by the assessee, the appellant, is to be included in the assessable value of the goods manufactured by it. The appellant manufactures equipment such as boilers and related equipment. The manufacture of these articles is undertaken only on the b....

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....t extent only, the price has to be loaded for the purpose of determining the assessable value". There is nothing in either the notice or the order of the Commissioner to show that as a result of taking advances, the price was depressed, i.e., that it was lower in a case where the advance was taken compared to a case where no such advance was taken. If advance was taken in every case as is contende....