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TMI Blog2015 (11) TMI 516X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 could have got it verified herself. Without such verification the certificate cannot be discarded. Since no reason has been assigned to discard the said Cost Accountant certificate the same needs to be accepted. - Decided in fav ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... consumption declared for the crank cases manufacture by the appellants. It was 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. The adjudicating authority confirmed the said demand. The appel ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or manufacturing the same were included in Assessable Value. With respect to R D expenses also it was alleged that the appellants have not produced the evidence that the said expenses were not in respect of the said Crank Cases therefore the said expenses were also included in the value. 4. The learned counsel for the appellants pointed out that the appellants have during the personal hearing h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 could have got it verified herself. Without such verification the certificate cannot be discarded. Since no reason has been assi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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