2015 (10) TMI 889

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....etitioner : 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 the manufacture of H.V. Gear Box and during the pe....

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....ke 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 correct. The said certificate was later also accep....

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.... 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,1944, the applicant had also challenged the priniples ap....