2015 (11) TMI 516

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..... i, Advocate : For the Petitioner Shri.V.K.Shastri, Asst. Comm. (AR) : 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 us .....

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..... erest 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 activities need to be included .....

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..... n respect of Interest, Head Office Administrative Overheads and R&D Expenses, certified that: "We have verified the above with reference to the books of account maintained by the company and certificates showing cost of production produced before me. We are of the opinion, while working out cost of production the treatment of the above expenses is commensurate with recommendations of CAS-4" 5. .....

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