2011 (3) TMI 59

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..... stablished that the such an advance payment has depressed the sale price and that such consideration is having a nexus to the sale price of the excisable goods - Here department has failed to establish the fact, hence appeals filed by the Revenue are rejected - E/3243 to 3245/03 & E/CO/234/04 - - - Dated:- 9-3-2011 - Mr. Ashok Jindal, Mr. P.R. Chandrasekharan, JJ. Shri A.K. Prabhakar, J .....

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..... sue involved is whether the notional interest on advances respondent from the customers was includable in the assessable value of the goods manufactured by them and cleared. This after hearing the contention of the ld. DR we find that the issue has been dealt by the Hon'ble Apex Court in the case of VST Inds. reported in 1998 (97) ELT 395 (SC) wherein it was held that notional interest on advances .....

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