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2011 (1) TMI 539 - AT - Central ExciseMRP based valuation - refundable deposits - inclusion in value - section 4A - Reliance on certificate issued by Chartered Accountant (CA certificate) - whether the refundable deposits collected by the assessee (respondent) through their dealers from the ultimate consumers of “Bisleri” water packed in 5 litres and 20 litres containers were liable to be included in the MRP under Section 4A for the purpose of levy of Central Excise duty during the period from January, 2000 to April, 2001 - Board’s Circular No. 697/13/2003 dated 27-2-2003 - The remand order passed by this bench was not to be understood as a green signal for blindly accepting the Chartered Accountant’s certificates - should have been read with the applicable provisions of law and the facts and circumstances of the case - Appeal is allowed by way of remand to Commissioner
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