https://www.taxtmi.com/caselaws?id=359049 The Tribunal held that the subsidy received under the MOU with the State Government should not be included in the assessable value for duty payment. The appellant's argument that the subsidy was not out of VAT recovered from customers was supported by Tribunal decisions, which distinguished the case from Supreme Court decisions. The Tribunal emphasized the specific process outlined in the MOU, where the subsidy was credited directly to the appellant's account. As a result, the impugned order demanding duty and penalties was set aside, and the appeals were allowed in favor of the appellant. en-us Wed, 04 Apr 2018 00:00:00 +0530 Fri, 09 Sep 2022 13:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359049 The Tribunal held that the subsidy received under the MOU with the State Government should not be included in the assessable value for duty payment. The appellant's argument that the subsidy was not out of VAT recovered from customers was supported by Tribunal decisions, which distinguished the case from Supreme Court decisions. The Tribunal emphasized the specific process outlined in the MOU, where the subsidy was credited directly to the appellant's account. As a result, the impugned order demanding duty and penalties was set aside, and the appeals were allowed in favor of the appellant. Case-Laws Central Excise Wed, 04 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359049