https://www.taxtmi.com/caselaws?id=368791 The Tribunal ruled in favor of the appellant, holding that the VAT liability discharged using subsidy challans should be considered as VAT actually paid for the purpose of excise duty calculation. The Tribunal set aside the Revenue's decision to include subsidy amounts in the assessable value of goods cleared by the appellants, emphasizing the legality of the subsidy challans under the Rajasthan Government scheme. The appeal was allowed, clarifying the treatment of subsidies received under the Rajasthan Investment Promotion Scheme. en-us Tue, 18 Sep 2018 00:00:00 +0530 Sat, 16 Nov 2019 16:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368791 The Tribunal ruled in favor of the appellant, holding that the VAT liability discharged using subsidy challans should be considered as VAT actually paid for the purpose of excise duty calculation. The Tribunal set aside the Revenue's decision to include subsidy amounts in the assessable value of goods cleared by the appellants, emphasizing the legality of the subsidy challans under the Rajasthan Government scheme. The appeal was allowed, clarifying the treatment of subsidies received under the Rajasthan Investment Promotion Scheme. Case-Laws Central Excise Tue, 18 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368791