https://www.taxtmi.com/caselaws?id=358109 The Tribunal ruled in favor of the appellant, setting aside the impugned order and allowing the appeal. The judgment clarified that subsidies utilized to discharge tax liabilities should not be considered part of the assessable value for excise duty calculation. Subsidies in the form of Challans were equated to cash payments, affirming their validity as legal tax payments. By referencing precedents and distinguishing between actual tax payments and subsidies used for tax payments, the Tribunal provided a clear rationale for excluding such subsidies from the assessable value, ensuring consistency in tax treatment. en-us Wed, 28 Mar 2018 00:00:00 +0530 Fri, 06 Apr 2018 07:44:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358109 The Tribunal ruled in favor of the appellant, setting aside the impugned order and allowing the appeal. The judgment clarified that subsidies utilized to discharge tax liabilities should not be considered part of the assessable value for excise duty calculation. Subsidies in the form of Challans were equated to cash payments, affirming their validity as legal tax payments. By referencing precedents and distinguishing between actual tax payments and subsidies used for tax payments, the Tribunal provided a clear rationale for excluding such subsidies from the assessable value, ensuring consistency in tax treatment. Case-Laws Central Excise Wed, 28 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358109