2001 (8) TMI 909 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai decided the appeal on merits after the appellants were not present. The issue was regarding the addition of notional interest accruable on advances taken from buyers. The Tribunal found no specific nexus between the deposit and assessable value, leading to the appeal being allowed with consequential relief. The judgment in the case of Metal Box India Ltd. was reshaped, and the impugned order did not sustain.