1997 (12) TMI 290 - AT - Central Excise

Summary

The judgment by the Appellate Tribunal CEGAT, Mumbai dealt with whether notional interest on advances taken by respondents should be part of assessable value of goods. The Tribunal dismissed the appeals, stating that advances taken were to ensure buyer compliance with contract, not part of sale price. The decision of Madras High Court and Supreme Court were referenced in the judgment.