2001 (8) TMI 909

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..... The appellants were not present. We are deciding the appeal on merits after hearing Shri George, JDR for the Revenue. 2. The appellants had taken advance from their buyers of their products. Show cause notice was issued mentioning this fact and seeking addition to the assessable value of the notional interest accruable on such advances. The Asstt. Commissioner placed reliance on Supreme Cou .....

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..... e was no nexus between the fact of advance being taken and any reduction in the assessable value on that account. In the judgment in the case of CCE v. Newdhan Electricals [1998 (100) E.L.T. 113 (Tri.)], the Tribunal observed that there was no allegation in the show cause notice that the deposit was of the nature of an additional consideration. On this ground, the appeal was allowed. We find that .....

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