2005 (2) TMI 334

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....T)]. - This is an appeal filed by Revenue against the OIA passed by the CCE, Cochin. The short point is deduction of Octroi and Turnover Taxes from the selling price on the basis of Chartered Accountant's Certificate to arrive at the assessable value. There are absolutely no two opinions on the principle that these taxes are allowable as deductions from the selling price to arrive at the assessabl....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... it was stated that Pune/Vadodara Commissionerates accept this method. In view of the above facts, the Commissioner (Appeals), allowed the abatement based on Chartered Accountant's Certificate. The Revenue insists that the deduction should be consignment-wise and only the actuals should be taken into account and not the average. In view of the fact that the appellants have a large number of depots....