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Mahindra & Mahindra Ltd. Versus Commissioner of Central Excise, Mumbai

2015 (11) TMI 516 - CESTAT MUMBAI

Determination of assessable value - Captive consumption - Inclusion of various expenditures - Held that:- Commissioner had doubts about two components of expenditure. The Cost Accountants certificate submitted by appellants answered her doubts. The .....

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cannot be discarded. Since no reason has been assigned to discard the said Cost Accountant certificate the same needs to be accepted. - Decided in favour of assessee. - APPEAL No.E/31/07 - Final Order No. A/2699/2015-WZB/EB - Dated:- 7-8-2015 - Mr.An .....

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premises are manufacturing crank cases by the process of machining. The unmachined crank cases are supplied by another unit of same company, namely, Mahindra and Mahindra, located elsewhere, which manufactures tractors. The machined crank cases are u .....

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alleged that while calculating the Assessable Value the appellants have failed to add in the said value the expenses incurred on i) R&D Expenses, ii) Head Office Administrative Overheads, iii) Interest and iv) Proportionate profit margins. 2. Th .....

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adjudication dropped the demand in respect of Interest component and profit margin but confirmed the same for rest of the components. 3. The exclusion of the component of Head Office Administrative Overheads was rejected on the ground that only Head .....

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uce the evidence that Head Office Administrative Overheads were only for corporate office expenses and not for manufacturing the same were included in Assessable Value. With respect to R&D expenses also it was alleged that the appellants have not .....

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hearing held on 5.9.2006 before the Commissioner of Central Excise Mumbai V have submitted a Synopsis (annexed as Annex X to the paper book). The said synopsis includes a Cost Accountants certificate dated 16 Dec 2005 wherein the Cost Accountant has, .....

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