https://www.taxtmi.com/caselaws?id=331591 Refund entitlement in valuation of automotive IC engines depended on a proper redetermination of cost where the assessment was provisional and the engine cost was not ascertainable at the relevant time. The claimant relied on a cost audit report based on CAS-4, but the authorities rejected the figure through broad observations and by changing the method for computing normal production without giving adequate particulars for the revised cost. The correct course was to recompute the cost afresh under CAS-4 on the basis of relevant details furnished by the parties. The impugned order was set aside and the matter was remanded to the original adjudicating authority for fresh determination of cost and refund entitlement. en-us Mon, 30 May 2016 00:00:00 +0530 Sat, 27 Aug 2016 13:57:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331591 Refund entitlement in valuation of automotive IC engines depended on a proper redetermination of cost where the assessment was provisional and the engine cost was not ascertainable at the relevant time. The claimant relied on a cost audit report based on CAS-4, but the authorities rejected the figure through broad observations and by changing the method for computing normal production without giving adequate particulars for the revised cost. The correct course was to recompute the cost afresh under CAS-4 on the basis of relevant details furnished by the parties. The impugned order was set aside and the matter was remanded to the original adjudicating authority for fresh determination of cost and refund entitlement. Case-Laws Central Excise Mon, 30 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331591