https://www.taxtmi.com/caselaws?id=373076 The Tribunal ruled in favor of the appellants, holding that the subsidy amounts granted under the Rajasthan Investment Promotion Scheme should not be included in the assessable value for excise duty calculation. It determined that the VAT liability discharged using subsidy challans constituted actual payment of VAT, aligning with the appellants' argument. The Tribunal also interpreted Section 4 of the Central Excise Act to allow for the deduction of VAT actually paid from the transaction value. By comparing relevant case law, the Tribunal concluded that the subsidy amounts paid using VAT 37B Challans should not be included in the assessable value, ultimately allowing the appeals. en-us Thu, 29 Nov 2018 00:00:00 +0530 Mon, 07 Jan 2019 12:18:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373076 The Tribunal ruled in favor of the appellants, holding that the subsidy amounts granted under the Rajasthan Investment Promotion Scheme should not be included in the assessable value for excise duty calculation. It determined that the VAT liability discharged using subsidy challans constituted actual payment of VAT, aligning with the appellants' argument. The Tribunal also interpreted Section 4 of the Central Excise Act to allow for the deduction of VAT actually paid from the transaction value. By comparing relevant case law, the Tribunal concluded that the subsidy amounts paid using VAT 37B Challans should not be included in the assessable value, ultimately allowing the appeals. Case-Laws Central Excise Thu, 29 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373076