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<h1>Appeal Dismissed for Lack of Merit Despite Delay Condoned; All Pending Applications Resolved Without Further Relief.</h1> <h3>PRINCIPAL COMMISSIONER OF CGST AND CENTRAL EXCISE, BHOPAL, M.P. Versus M/s MAHINDRA STEEL SERVICE CENTRE LTD.</h3> The SC condoned the delay in filing the appeal but ultimately dismissed the appeal due to lack of merit. All pending applications associated with the case ... Valuation - inclusion of incentive/industrial subsidy of 75% of Sales Tax/VAT/CST paid on the sale of goods, received from the Government of Madhya Pradesh under the Industrial Promotion Policy, 2010 in the transaction value under section 4 of the Central Excise Act, 1944 or not - it was held by CESTAT that the contention of the learned counsel for the appellant that incentive/capital subsidy received from the State Government cannot be included in the transaction value has to be accepted - HELD THAT:- There are no merit in this appeal. The civil appeal stands dismissed. The Supreme Court condoned the delay in filing the appeal. The appeal was dismissed as no merit was found. Pending applications were also disposed of.