https://www.taxtmi.com/caselaws?id=361098 The Tribunal held that subsidy amounts received under government schemes need not be included in the assessable value for Central Excise duty. It clarified that VAT liability discharged using subsidy challans should be treated as VAT actually paid. The decision emphasized the legal validity of utilizing subsidy challans for tax payments and provided guidance on interpreting transaction value under the Central Excise Act. By following precedent and distinguishing previous rulings, the Tribunal ensured consistency in applying tax laws and schemes. As a result, the impugned orders were set aside, and the appeals were allowed. en-us Wed, 09 May 2018 00:00:00 +0530 Wed, 30 May 2018 09:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361098 The Tribunal held that subsidy amounts received under government schemes need not be included in the assessable value for Central Excise duty. It clarified that VAT liability discharged using subsidy challans should be treated as VAT actually paid. The decision emphasized the legal validity of utilizing subsidy challans for tax payments and provided guidance on interpreting transaction value under the Central Excise Act. By following precedent and distinguishing previous rulings, the Tribunal ensured consistency in applying tax laws and schemes. As a result, the impugned orders were set aside, and the appeals were allowed. Case-Laws Central Excise Wed, 09 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361098