https://www.taxtmi.com/caselaws?id=47033 Entitlement to the compounded levy scheme turned on whether the investment in plant and machinery fell within the prescribed ceiling. The petitioners supported their valuation with a Chartered Accountant's certificate, prepared in accordance with Accounting Standard 10, showing that the investment was below the limit. The department relied on inspection and records, but produced no contrary expert material to displace the professional certificate. On the record, the conditions of the scheme were satisfied, and the order refusing the benefit was set aside. en-us Mon, 25 Feb 2002 00:00:00 +0530 Tue, 13 Apr 2021 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47033 Entitlement to the compounded levy scheme turned on whether the investment in plant and machinery fell within the prescribed ceiling. The petitioners supported their valuation with a Chartered Accountant's certificate, prepared in accordance with Accounting Standard 10, showing that the investment was below the limit. The department relied on inspection and records, but produced no contrary expert material to displace the professional certificate. On the record, the conditions of the scheme were satisfied, and the order refusing the benefit was set aside. Case-Laws Central Excise Mon, 25 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47033