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2015 (11) TMI 516 - CESTAT MUMBAI

2015 (11) TMI 516 - CESTAT MUMBAI - 2016 (335) E.L.T. 382 (Tri. - 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 commissioner has totally disregarded the cost accountant certificate answering her queries without assigning any reason or data. If commissioner had any doubt about it she co .....

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: For the Respondent ORDER Per: Raju 1. The appellants are situated at OTIS 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 used by the said unit for manufacture of the Tractors, which were then cleared on payment of duty. A notice was issued seeking to challenge the Assessable value for captive co .....

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after considering the provisions of CAS-4 standard. The Commissioner in the 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 Office Administrative Overheads relating to marketing, project management, corporate office expenses etc can be excluded from value but those relating to manufacturing activ .....

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