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TMI Blog2012 (7) TMI 535X X X X Extracts X X X X X X X X Extracts X X X X ..... said Chartered Accountant s certificate is for the finished goods without having any cost data and showing details of raw materials price and other expenses etc – Held that:- Professional s certificate cannot be summarily dismissed, as the said professional, in this case, Chartered Accountant must have gone through the accounts and entire records produced before him. If the lower authorities had ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Parachute Jasmine and Parachute Sampoorna products for the period March 2002 to November 2003, as job worker for M/s. Marico Industries Limited. The issue involved in this case is regarding valuation of final products Parachute Jasmine and Parachute Sampoorna manufactured by the appellant and cleared to M/s. Marico Industries Limited in bulk for the purpose of levy of Central Excise duty. Both th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... further details from the appellant. It is his submission that having not done so, the order of the first appellate authority is erroneous. 4. After hearing the learned SDR and perusal of records, we find that the issue involved in this case is correct valuation of the bulk oil i.e. Parachute Jasmine and Parachute Sampoorna manufactured and cleared by the appellant. The appellant had taken the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ficate cannot be summarily dismissed, as the said professional, in this case, Chartered Accountant must have gone through the accounts and entire records produced before him. If the lower authorities had any reason to disbelief the said certificate, they should have called for an explanation from the appellant and who could have given the explanation from the Chartered Accountant himself. In our c ..... X X X X Extracts X X X X X X X X Extracts X X X X
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