2011 (3) TMI 59

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....ent   Per: Mr. Ashok Jindal, Member (Judicial)   Revenue is in appeal against the impugned orders wherein both the lower authorities have dropped the duty demand of differential value obtained by adding notional interest on the amount received by respondent from their customers.   2. It was alleged against the respondent that they have not included interest accrued on advances re....

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....rice unless the department is established that the such an advance payment has depressed the sale price and that such consideration is having a nexus to the sale price of the excisable goods. This issue was also considered by the Board and CBEC clarified vide their circular no. 404/37/98/CE dated 22.6.1998 which also clarifies that it is the main requirement that there should be nexus between the ....