2015 (10) TMI 889

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....hakur, Technical Member For the Petitioner : Sri Ravi Raghavan & Miss S. Chatterjee, Advocate For the Respondent : Sri S. P. Pal, Appraiser (A.R.) ORDER Per DR. D.M. MISRA Heard both sides 2. This application is filed seeking waiver of pre-deposit of duty of Rs. 2.14 Crores and equal amount of penalty imposed under Section 11AC of CEA, 1944. 3. The applicants are engaged in th....

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.... the cost stating that certain elements of cost like Quality Control, Packing cost, Administrative Heads etc. are considered on notional basis and de hors the principle of costing accepted and prescribed by the Revenue as CAS-4 method. They have also furnished a certificate from Mani & Co., the Cost Accountant who had certified the method of arriving at the cost of the product by the appellant as ....

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.... in arriving at the cost of the manufactured goods. 6. Heard both sides and perused the records. Prima facie, we find that the dispute centered around the determination of assessable of the gear box manufactured and supplied by the applicant to their holding company M/s. Tata Motors Ltd. Besides disputing the methodology for determination of value i.e. under Section 4(1)(a) or 4(1)(b) of CEA,19....