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Central Excise - Highlights / Catch Notes

Home Highlights January 2016 Year 2016 This

Valuation - inclusion of notional interest in advances - ...


Tribunal Overlooks Notional Interest Valuation in Bottle Supply Advance Payments; Discount Considerations Unaddressed.

January 24, 2016

Case Laws     Central Excise     SC

Valuation - inclusion of notional interest in advances - respondent-assessee had obtained certain advance sums from some companies/users to supply the bottles and on that count it had granted 3-4 per cent discount - tribunal failed to apply its mind - SC

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