2017 (2) TMI 256

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....for Appellant Shri H.M. Dixit, AC (AR) for Respondent ORDER Per Ramesh Nair The fact of the case is that the appellants are engaged in the manufacture of pipes. They are undertaking the Turnkey Project to supply of pipes. As regards pipes, they are valuing the goods on cost construction method. For that purpose, for the cost of manufacture, earlier they were taking overhead expenses @ ....

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....ard, the appellant have not only submitted the Chartered Accountant s certificate but also the Department s audit have verified the costing and allowed the 100% overhead charges. For the period involved in the present case, the appellant could not provided the C.A. certificate, only for that reason the overhead charges was considered as 300% instead of 100%. He submits that the department had no e....

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....e on the basis of C.A. certificate produced by the appellant as well as on the basis of costing done by the Departmental Costing Wing. However, in the subsequent period neither the department carried out any costing verification nor the appellants have submitted any cost data but they continued to take overhead charges @ 100%. In this case, even if we go as per best judgment since the 100% overhea....