1999 (8) TMI 260

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..... Shri V.M. Udhoji, DR, for the Appellant. Shri A.C. Jain, Advocate, for the Respondents. [Order per : Jyoti Balasundaram, Member (J)]. The above appeal has been filed by the Revenue against the order of Collector of Central Excise who has dropped the proceedings raised in the show cause notice for adding the interest on advances received by the respondents herein, to the assessable valu .....

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..... ipt of the advances has the effect of depressing the price of the final product. In the present case, since there is a clear finding that the price of the final product has not got depressed on receipt of advances, we hold that the Supreme Court judgment is directly applicable and respectfully following the same, we uphold the impugned order and reject the appeal. - - TaxTMI - TMITax - Central .....

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