Interest free advance by foreign exporter for expansion not includible in value of goods supplied to India

Xinyi Energy Smart (Malaysia) SDN BHD Vs Union of India (CESTAT Delhi) CESTAT Delhi held that interest free advances received by the foreign exporter not includible in the value of goods supplied to India when advances are for expansion of production facility and future production activity. Facts- Anti-Dumping Appeal has been filed by M/s. Xinyi Energy Smart (Malaysia) for setting aside the imposition of anti-dumping duty so far as the exports by Xinyi Energy are concerned by customs notification dated 11.11.2020 read with the final findings dated 20.08.2020. The submission is that its exports...