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Central Excise - Highlights / Catch Notes

Home Highlights February 2017 Year 2017 This

Valuation - the notional interest of the advance which is not ...


Interest on Advances for Manufactured Goods Excluded from Taxable Value in Works Contracts, Court Rules.

February 8, 2017

Case Laws     Central Excise     AT

Valuation - the notional interest of the advance which is not only against the appellants manufactured goods but also towards other bought out items and service of the works contract is involved. - interest on advances cannot be included in the assessable value - AT

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