https://www.taxtmi.com/caselaws?id=286233 VAT discharged through VAT 37B challans under the Rajasthan incentive scheme was treated as actual payment of tax for valuation under Section 4 of the Central Excise Act, 1944. The Tribunal followed its earlier view that a payment made through a legally recognised statutory mechanism does not lose the character of tax payment merely because the amount is later remitted back as subsidy. On that basis, such VAT amounts were not includible in the assessable value for central excise duty. en-us Thu, 13 Dec 2018 00:00:00 +0530 Tue, 18 Feb 2020 08:28:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286233 VAT discharged through VAT 37B challans under the Rajasthan incentive scheme was treated as actual payment of tax for valuation under Section 4 of the Central Excise Act, 1944. The Tribunal followed its earlier view that a payment made through a legally recognised statutory mechanism does not lose the character of tax payment merely because the amount is later remitted back as subsidy. On that basis, such VAT amounts were not includible in the assessable value for central excise duty. Case-Laws Central Excise Thu, 13 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286233