2000 (2) TMI 179

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....Shankar, Member (T)] - After hearing the parties on the stay application we find that the issue for decision in the appeal is settled and proceed to take up the appeal for disposal. 2. In the impugned order the Commissioner (Appeals) has over ruled the finding of the Assistant Commissioner that the notional interest i.e., interest that might have otherwise accrued, has not been shown to have be....

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....96, dated 27-5-1996. It says that notional interest on such deposit where advance is taken has to be included in the assessable value where there is evidence that the fact of advance of security has confirmed direct or indirect peculiar advantages on the assessee as later confirmed by the Supreme Court in Metal Box India Ltd. v. CCE - 1995 (75) E.L.T. 449. It emphasise that what to be ascertained ....