1998 (8) TMI 539

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..... .L. Bhat, President]. Appellant is absent in spite of notice of hearing. There is no request for adjournment. Appellant was also absent yesterday and we adjourned the appeal for today. We have heard Shri K. Srivastava, SDR and perused the papers. 2. Appellant filed price list No. 432/92-93 in respect of hot blast body valves in Part II for supply of these goods at Rs. 1,56,687.00 per unit .....

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..... were tailor-made goods to the specifications of the buyer and the advance was received as per trade practice to meet the risk of the appellant not clearing the goods ultimately. There is nothing to indicate that the receipt of the advance had in any manner or to any extent depressed the prices. In these circumstances, we hold that addition of the notional interest in the assessable value was not j .....

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