https://www.taxtmi.com/caselaws?id=376076 The Tribunal ruled in favor of the appellant, holding that the subsidy amounts received under the Rajasthan Investment Promotion Scheme should not be included in the assessable value of goods cleared by the appellant. The Tribunal emphasized that the VAT paid to the Government before being granted as a subsidy should be considered as actual payment of tax, allowing for deduction under the Central Excise Act. The decision was based on the interpretation of transaction value and the precedent set by a previous Tribunal decision in a similar case. en-us Wed, 13 Feb 2019 00:00:00 +0530 Sat, 02 Mar 2019 13:50:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376076 The Tribunal ruled in favor of the appellant, holding that the subsidy amounts received under the Rajasthan Investment Promotion Scheme should not be included in the assessable value of goods cleared by the appellant. The Tribunal emphasized that the VAT paid to the Government before being granted as a subsidy should be considered as actual payment of tax, allowing for deduction under the Central Excise Act. The decision was based on the interpretation of transaction value and the precedent set by a previous Tribunal decision in a similar case. Case-Laws Central Excise Wed, 13 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376076