2002 (2) TMI 809 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai dismissed the appeal regarding the includibility of notional interest on advance price of machinery in assessable value. The Commissioner (Appeals) held notional interest not includible due to lack of evidence showing depression in price. Assessee's failure to reply to notice or appear before Assistant Collector was noted, but insufficient evidence in show cause notice led to dismissal of appeal.