https://www.taxtmi.com/caselaws?id=356474 The Tribunal held that subsidy amounts received by a manufacturer should not be included in the transaction value for excise duty payment. The appellant's utilization of subsidies to discharge VAT liability was deemed valid, following precedents where similar subsidies were not considered in transaction values. The Tribunal emphasized that subsidies received for tax payments through book adjustments should not affect assessable values. Consequently, the impugned order was set aside, and the appeal was allowed, establishing clear guidelines for the treatment of subsidies in excise duty calculations. en-us Wed, 28 Feb 2018 00:00:00 +0530 Wed, 07 Mar 2018 08:01:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356474 The Tribunal held that subsidy amounts received by a manufacturer should not be included in the transaction value for excise duty payment. The appellant's utilization of subsidies to discharge VAT liability was deemed valid, following precedents where similar subsidies were not considered in transaction values. The Tribunal emphasized that subsidies received for tax payments through book adjustments should not affect assessable values. Consequently, the impugned order was set aside, and the appeal was allowed, establishing clear guidelines for the treatment of subsidies in excise duty calculations. Case-Laws Central Excise Wed, 28 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356474