2000 (5) TMI 225 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi ruled that notional interest earned on advances received by a company from customers is not to be included in the assessable value of excisable goods. The decision was based on the Supreme Court's ruling in VST Industries case. The Tribunal found no evidence that the presumed gain from interest led to a lowering of the assessable value. Therefore, the appeals filed by the Revenue were rejected.