https://www.taxtmi.com/caselaws?id=357526 The Appellate Tribunal CESTAT, New Delhi, in a case concerning the inclusion of a subsidy received from the Madhya Pradesh Government in the assessable value of goods cleared, ruled in favor of the appellant. The Tribunal held that the subsidy, received under the Investment Promotion Scheme, which was treated as an advance payment towards VAT/CST, should not be included in the assessable value. By referencing relevant legal provisions and precedents, the Tribunal concluded that the subsidy, directly related to capital investment and meeting specific conditions, did not constitute actual payment of VAT and therefore should not impact the assessable value for excise duty calculation. en-us Fri, 02 Feb 2018 00:00:00 +0530 Fri, 09 Sep 2022 14:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357526 The Appellate Tribunal CESTAT, New Delhi, in a case concerning the inclusion of a subsidy received from the Madhya Pradesh Government in the assessable value of goods cleared, ruled in favor of the appellant. The Tribunal held that the subsidy, received under the Investment Promotion Scheme, which was treated as an advance payment towards VAT/CST, should not be included in the assessable value. By referencing relevant legal provisions and precedents, the Tribunal concluded that the subsidy, directly related to capital investment and meeting specific conditions, did not constitute actual payment of VAT and therefore should not impact the assessable value for excise duty calculation. Case-Laws Central Excise Fri, 02 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357526