1999 (4) TMI 512 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai dismissed appeals against orders of the Collectors of Central Excise in Ahmedabad and Aurangabad. The issue was the inclusion of notional interest on advances in the assessable value of goods. The Tribunal upheld that there was no nexus between advance payments and the selling price of goods, following precedents like Lakshmi Machine Works v. UOI and VST Industries Ltd. v. CCE. Interest on such advances was not considered part of the assessable value.