Valuation (Central Excise) - Interest accrued on security deposit/advance deposit taken by manufacturing units includible in assessable value

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.... 18/90-CX.1 Dated 13-6-1990 [From F.No. 6/1/90-CX.1] Government of India Central Board of Excise & Customs New Delhi Subject : Central Excise - Valuation - Liability of duty on the interest accruing out of security deposit/ advance deposit taken by manufacturing units - Regarding. I am directed to say that a doubt has been expressed whether the interest accrued on security dep....

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....tablish that such additional consideration has a nexus with the sale price of the excisable goods. The Department also should be in a additional consideration. If there is no such nexus with the sale price of the excisable goods. The Department also should be in a position to determine the amount of the money value of such additional consideration. If there is no such nexus or if the Department is....

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....e goods. 5. The matter was discussed in the South Zone Tariff Conference held at Hyderabad on 11th and 12th January, 1990 in which it was decided that the matter may be further examined by the Board in view of the fact that many a time deposits to the extent of 10% of the price were compulsorily taken for accepting or executing the purchase order by the assessee. 6. The issue was further exa....