https://www.taxtmi.com/caselaws?id=438726 Special-rate refund fixation under Notification No. 56/2002-CE must be based on audited financial records and actual sale value, rather than notional MRP value. Rejection of a claim is unsustainable where the authority fails to address a statutory auditor's certificate and does not rebut the certified calculations with cogent material. Natural justice also prohibits rejecting the claim on grounds beyond those set out in the notice. On the stated financial calculations, value addition of 58.60% was accepted for fixing the special rate of refund. en-us Tue, 06 Jun 2023 00:00:00 +0530 Wed, 07 Jun 2023 23:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438726 Special-rate refund fixation under Notification No. 56/2002-CE must be based on audited financial records and actual sale value, rather than notional MRP value. Rejection of a claim is unsustainable where the authority fails to address a statutory auditor's certificate and does not rebut the certified calculations with cogent material. Natural justice also prohibits rejecting the claim on grounds beyond those set out in the notice. On the stated financial calculations, value addition of 58.60% was accepted for fixing the special rate of refund. Case-Laws Central Excise Tue, 06 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438726