https://www.taxtmi.com/caselaws?id=364837 The Tribunal allowed the appeal, following the precedent set in the Welspun Corporation Ltd. case, ruling that the subsidies received by the appellant in the form of VAT 37B challans need not be included in the assessable value of goods. The Tribunal emphasized the distinction between actual VAT payment and the utilization of subsidy challans, providing consequential relief and clarifying the treatment of subsidies in VAT payments under the Rajasthan Government scheme. en-us Fri, 06 Jul 2018 00:00:00 +0530 Mon, 06 Aug 2018 07:59:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364837 The Tribunal allowed the appeal, following the precedent set in the Welspun Corporation Ltd. case, ruling that the subsidies received by the appellant in the form of VAT 37B challans need not be included in the assessable value of goods. The Tribunal emphasized the distinction between actual VAT payment and the utilization of subsidy challans, providing consequential relief and clarifying the treatment of subsidies in VAT payments under the Rajasthan Government scheme. Case-Laws Central Excise Fri, 06 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364837