1995 (3) TMI 99

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....titioners have sought for quashing the show cause notices as well as the trade notices and the circular issued by the Central Board of Excise and Customs. The question for consideration is as to whether the interest accrued on the advances received by the assessees should be added to the assessable value. The Central Board of Excise and Customs has issued the circular stating that it should be add....

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....price for the metal containers supplied to M/s. Ponds (I) Limited could not stand justified under Section 4(1)(a) proviso and therefore, to that separate price charged from the Ponds (I) Limited, the extent of benefit obtained by the assessee on interest free loan was required to be reloaded by hiking the price charged from M/s. Ponds (I) Limited to that extent. Contention No. 2 also, therefore, f....

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.... the Excise Department to show the extent of benefit obtained by the assessee on the interest free loan obtained by him and to that extent only, the price has to be loaded for the purpose of determining the assessable value. 3.It is also necessary to point out that the adjudicatory proceeding is a quasi-judicial proceeding, therefore, the Authority shall have to adjudicate uninfluenced by the c....