https://www.taxtmi.com/caselaws?id=366387 The Tribunal held that subsidy amounts disbursed in Form 37B need not be included in the assessable value of goods for VAT liability. It was determined that the VAT liability discharged using subsidy challans can be considered as VAT actually paid for the purpose of the Central Excise Act. The Tribunal emphasized that utilizing subsidy challans constituted actual VAT payment, aligning with previous legal interpretations. As a result, the impugned orders were set aside, and the appeal was allowed based on established precedents and interpretations. en-us Thu, 19 Jul 2018 00:00:00 +0530 Tue, 04 Sep 2018 07:20:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366387 The Tribunal held that subsidy amounts disbursed in Form 37B need not be included in the assessable value of goods for VAT liability. It was determined that the VAT liability discharged using subsidy challans can be considered as VAT actually paid for the purpose of the Central Excise Act. The Tribunal emphasized that utilizing subsidy challans constituted actual VAT payment, aligning with previous legal interpretations. As a result, the impugned orders were set aside, and the appeal was allowed based on established precedents and interpretations. Case-Laws Central Excise Thu, 19 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366387