2005 (2) TMI 334

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..... CCE, Cochin. The short point is deduction of Octroi and Turnover Taxes from the selling price on the basis of Chartered Accountant's Certificate to arrive at the assessable value. There are absolutely no two opinions on the principle that these taxes are allowable as deductions from the selling price to arrive at the assessable value. The dispute is only with regard to the methodology. 2. Smt. .....

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..... view of the above facts, the Commissioner (Appeals), allowed the abatement based on Chartered Accountant's Certificate. The Revenue insists that the deduction should be consignment-wise and only the actuals should be taken into account and not the average. In view of the fact that the appellants have a large number of depots, and only certain States levy Octroi and Turnover Taxes, it is impossible .....

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