https://www.taxtmi.com/caselaws?id=365619 The Tribunal ruled in favor of the appellant, a manufacturer of automobile components, regarding duty liability on VAT subsidy under the Rajasthan Investment Promotion Policy-2003. The Tribunal determined that the subsidy amounts need not be included in the assessable value for excise duty purposes, thereby setting aside duty demands and penalties imposed by the original authority and Commissioner (Appeals). By applying consistent reasoning from previous judgments, the Tribunal concluded that there was no duty liability on the VAT subsidy amount, ultimately allowing the appeal in favor of the appellant. en-us Mon, 16 Jul 2018 00:00:00 +0530 Sat, 16 Feb 2019 14:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365619 The Tribunal ruled in favor of the appellant, a manufacturer of automobile components, regarding duty liability on VAT subsidy under the Rajasthan Investment Promotion Policy-2003. The Tribunal determined that the subsidy amounts need not be included in the assessable value for excise duty purposes, thereby setting aside duty demands and penalties imposed by the original authority and Commissioner (Appeals). By applying consistent reasoning from previous judgments, the Tribunal concluded that there was no duty liability on the VAT subsidy amount, ultimately allowing the appeal in favor of the appellant. Case-Laws Central Excise Mon, 16 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365619