https://www.taxtmi.com/caselaws?id=267707 For captive consumption valuation, assessable value could not be enhanced by adding head office administrative overheads and R&D expenses where the assessee produced a cost accountant's certificate supported by books of account showing compliance with CAS-4. The adjudicating authority had merely raised doubts but rejected the certificate without any reasoned verification or contrary material. In the absence of evidence to displace the certified cost data, the certificate could not be ignored, and the proposed additions were not justified. en-us Fri, 07 Aug 2015 00:00:00 +0530 Thu, 20 Oct 2016 12:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267707 For captive consumption valuation, assessable value could not be enhanced by adding head office administrative overheads and R&D expenses where the assessee produced a cost accountant's certificate supported by books of account showing compliance with CAS-4. The adjudicating authority had merely raised doubts but rejected the certificate without any reasoned verification or contrary material. In the absence of evidence to displace the certified cost data, the certificate could not be ignored, and the proposed additions were not justified. Case-Laws Central Excise Fri, 07 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267707