https://www.taxtmi.com/caselaws?id=359050 The Tribunal allowed the appeal, holding that VAT amounts paid using subsidy challans were valid tax payments under the Rajasthan Government's scheme. Subsidies received were considered legal payments akin to cash and should not be included in the assessable value of goods, following precedents and emphasizing the direct relationship between tax remission and capital investment. The decision set aside the original order, rejecting the Revenue's contention that VAT liability discharged through investment subsidy cannot be considered as VAT actually paid under the Central Excise Act, thus relieving the appellant from the demand for differential duty, interest, and penalties. en-us Thu, 05 Apr 2018 00:00:00 +0530 Tue, 24 Apr 2018 06:56:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359050 The Tribunal allowed the appeal, holding that VAT amounts paid using subsidy challans were valid tax payments under the Rajasthan Government's scheme. Subsidies received were considered legal payments akin to cash and should not be included in the assessable value of goods, following precedents and emphasizing the direct relationship between tax remission and capital investment. The decision set aside the original order, rejecting the Revenue's contention that VAT liability discharged through investment subsidy cannot be considered as VAT actually paid under the Central Excise Act, thus relieving the appellant from the demand for differential duty, interest, and penalties. Case-Laws Central Excise Thu, 05 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359050