https://www.taxtmi.com/caselaws?id=379482 The Tribunal upheld the decision of the Commissioner (Appeal) regarding the deduction of VAT from the transaction value, stating that the whole amount collected from buyers could be deducted. It rejected the Revenue's argument that the reimbursed amount should be included in the transaction value for Central Excise Duty payment. The Tribunal distinguished between actual payment of VAT and the use of subsidy challans, ruling that VAT liability discharged through subsidy challans should be considered as VAT actually paid. Subsidy amounts received were held not to be included in the assessable value of goods. en-us Thu, 11 Apr 2019 00:00:00 +0530 Sat, 04 May 2019 10:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379482 The Tribunal upheld the decision of the Commissioner (Appeal) regarding the deduction of VAT from the transaction value, stating that the whole amount collected from buyers could be deducted. It rejected the Revenue's argument that the reimbursed amount should be included in the transaction value for Central Excise Duty payment. The Tribunal distinguished between actual payment of VAT and the use of subsidy challans, ruling that VAT liability discharged through subsidy challans should be considered as VAT actually paid. Subsidy amounts received were held not to be included in the assessable value of goods. Case-Laws Central Excise Thu, 11 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379482