https://www.taxtmi.com/caselaws?id=373201 The Tribunal set aside the Revenue's inclusion of subsidy amounts in the assessable value of goods cleared, ruling in favor of the appellant. It determined that VAT payments made through subsidy challans should be recognized as legitimate tax payments under the Investment Promotion Scheme, aligning with a previous case law decision. The decision emphasized the necessity of genuine VAT payment for excise duty benefits and highlighted the direct relationship between tax remission and capital investment. The appeals were allowed, emphasizing the correct application of tax liabilities under the Central Excise Act. en-us Fri, 07 Dec 2018 00:00:00 +0530 Wed, 09 Jan 2019 06:43:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373201 The Tribunal set aside the Revenue's inclusion of subsidy amounts in the assessable value of goods cleared, ruling in favor of the appellant. It determined that VAT payments made through subsidy challans should be recognized as legitimate tax payments under the Investment Promotion Scheme, aligning with a previous case law decision. The decision emphasized the necessity of genuine VAT payment for excise duty benefits and highlighted the direct relationship between tax remission and capital investment. The appeals were allowed, emphasizing the correct application of tax liabilities under the Central Excise Act. Case-Laws Central Excise Fri, 07 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373201