https://www.taxtmi.com/caselaws?id=378303 The Tribunal held that the VAT liability discharged through investment subsidy vouchers qualifies as VAT actually paid under the Central Excise Act. Following the precedent set in the Shree Cement Ltd. case, the Tribunal ruled that subsidy amounts disbursed in the form of vouchers should not be included in the assessable value of goods. The decision favored the appellants, allowing them relief from the Revenue's demand for additional duty, interest, and penalties. en-us Tue, 12 Feb 2019 00:00:00 +0530 Sat, 13 Apr 2019 05:48:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378303 The Tribunal held that the VAT liability discharged through investment subsidy vouchers qualifies as VAT actually paid under the Central Excise Act. Following the precedent set in the Shree Cement Ltd. case, the Tribunal ruled that subsidy amounts disbursed in the form of vouchers should not be included in the assessable value of goods. The decision favored the appellants, allowing them relief from the Revenue's demand for additional duty, interest, and penalties. Case-Laws Central Excise Tue, 12 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378303