https://www.taxtmi.com/caselaws?id=360252 The Tribunal held that subsidy amounts granted to appellants in Form 37B under the Rajasthan Investment Promotion Scheme could be utilized for VAT liability without being included in the assessable value of goods. It was determined that such subsidies constituted legitimate tax payments, allowing for their use in subsequent periods. The Revenue's argument that these subsidies did not equate to actual VAT payment was rejected. As a result, the Tribunal set aside the impugned orders, allowing the appeals with consequential relief, if applicable. en-us Wed, 09 May 2018 00:00:00 +0530 Sat, 12 May 2018 14:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360252 The Tribunal held that subsidy amounts granted to appellants in Form 37B under the Rajasthan Investment Promotion Scheme could be utilized for VAT liability without being included in the assessable value of goods. It was determined that such subsidies constituted legitimate tax payments, allowing for their use in subsequent periods. The Revenue's argument that these subsidies did not equate to actual VAT payment was rejected. As a result, the Tribunal set aside the impugned orders, allowing the appeals with consequential relief, if applicable. Case-Laws Central Excise Wed, 09 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360252