https://www.taxtmi.com/caselaws?id=373391 State-granted VAT remission credited through VAT 37B challans under the Rajasthan Investment Promotion Scheme, 2010 was not additional consideration flowing from buyers and therefore was not includible in the central excise assessable value. The text also states that, because the VAT was treated as paid and the subsidy arose later from the State, there was no suppression, misrepresentation, or intent to evade duty; the extended period of limitation could not be invoked. On that basis, the related demand and penalty were held unsustainable and the excise orders liable to be set aside. en-us Tue, 16 Oct 2018 00:00:00 +0530 Fri, 06 Mar 2020 18:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373391 State-granted VAT remission credited through VAT 37B challans under the Rajasthan Investment Promotion Scheme, 2010 was not additional consideration flowing from buyers and therefore was not includible in the central excise assessable value. The text also states that, because the VAT was treated as paid and the subsidy arose later from the State, there was no suppression, misrepresentation, or intent to evade duty; the extended period of limitation could not be invoked. On that basis, the related demand and penalty were held unsustainable and the excise orders liable to be set aside. Case-Laws Central Excise Tue, 16 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373391