https://www.taxtmi.com/caselaws?id=359334 The Tribunal ruled in favor of the appellant, holding that the VAT liability discharged through subsidy challans should not be included in the assessable value of goods. The decision was based on the legal validity of using subsidy challans for VAT payment, distinguishing between subsidies in the form of remission of tax and actual VAT payments. The Tribunal emphasized the direct relationship between remission of tax and capital investment under the specific conditions of the subsidy scheme, allowing the appeal and setting aside the previous order. en-us Tue, 27 Mar 2018 00:00:00 +0530 Fri, 27 Apr 2018 18:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359334 The Tribunal ruled in favor of the appellant, holding that the VAT liability discharged through subsidy challans should not be included in the assessable value of goods. The decision was based on the legal validity of using subsidy challans for VAT payment, distinguishing between subsidies in the form of remission of tax and actual VAT payments. The Tribunal emphasized the direct relationship between remission of tax and capital investment under the specific conditions of the subsidy scheme, allowing the appeal and setting aside the previous order. Case-Laws Central Excise Tue, 27 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359334