2004 (5) TMI 474

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....the Appellant. Shri Ajay Saxena, SDR, for the Respondent. [Order per : Jyoti Balasundaram, Member (J)]. -  The demand of Rs. 98,697/- has been confirmed against the appellants by the Additional Commissioner and upheld by the lower appellate authority as a result of including notional interest on advances in the assessable value of the products (catalysts) manufactured and cleared. A ....

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....assessable value when the price is influenced by the fact of interest free advances and the material on record in the form of admission by the appellants that the price is influenced by such fact, we hold that the authorities below have rightly included the notional interest on advances in the assessable value of catalysts so as to arrive at the duty liability. On the aspect of limitation also we ....