https://www.taxtmi.com/caselaws?id=756611 Under the area-based exemption scheme, special rate fixation could not be refused merely because the assessee derived unit-wise sale value from audited financial statements and apportioned it to units on a stock-transfer basis. The scheme required actual value addition to be computed from the preceding financial year's audited figures, and the claimant supported its computation with statutory auditor certification and audited records. As the same methodology had already been accepted for computing gross sales value in an earlier identical matter, rejection of the special rate on that ground alone was inconsistent with the approved approach. The special rate claim was therefore valid. en-us Tue, 06 Aug 2024 00:00:00 +0530 Fri, 14 Nov 2025 17:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756611 Under the area-based exemption scheme, special rate fixation could not be refused merely because the assessee derived unit-wise sale value from audited financial statements and apportioned it to units on a stock-transfer basis. The scheme required actual value addition to be computed from the preceding financial year's audited figures, and the claimant supported its computation with statutory auditor certification and audited records. As the same methodology had already been accepted for computing gross sales value in an earlier identical matter, rejection of the special rate on that ground alone was inconsistent with the approved approach. The special rate claim was therefore valid. Case-Laws Central Excise Tue, 06 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756611