https://www.taxtmi.com/caselaws?id=354588 The Tribunal held that a subsidy received from the government under the MPIIPAS scheme, which was adjusted as advance payment towards VAT/CST, should not be included in the assessable value for excise duty calculation. The subsidy was directly related to capital investment and not an option for tax exemption. Relying on precedent, the Tribunal set aside the order and allowed the appeal, emphasizing the distinction between subsidies for capital investment and those for tax exemption. This case clarifies the treatment of government subsidies in excise duty calculations. en-us Thu, 25 Jan 2018 00:00:00 +0530 Thu, 01 Feb 2018 06:38:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354588 The Tribunal held that a subsidy received from the government under the MPIIPAS scheme, which was adjusted as advance payment towards VAT/CST, should not be included in the assessable value for excise duty calculation. The subsidy was directly related to capital investment and not an option for tax exemption. Relying on precedent, the Tribunal set aside the order and allowed the appeal, emphasizing the distinction between subsidies for capital investment and those for tax exemption. This case clarifies the treatment of government subsidies in excise duty calculations. Case-Laws Central Excise Thu, 25 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354588