https://www.taxtmi.com/caselaws?id=392612 The Tribunal ruled that adjusting VAT against subsidy constituted actual payment of VAT, excluding it from the assessable value for excise duty calculation. Citing precedents and legal provisions, the decision favored the appellant, setting aside the demand for excise duty on the adjusted VAT amount. The Tribunal's analysis, drawing from previous cases like Shree Cement Ltd. and Welspun Corporation Ltd., emphasized that adjusting VAT against subsidy was equivalent to cash payment, supporting the appellant's position and allowing the appeals. en-us Fri, 21 Feb 2020 00:00:00 +0530 Tue, 25 Feb 2020 05:48:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392612 The Tribunal ruled that adjusting VAT against subsidy constituted actual payment of VAT, excluding it from the assessable value for excise duty calculation. Citing precedents and legal provisions, the decision favored the appellant, setting aside the demand for excise duty on the adjusted VAT amount. The Tribunal's analysis, drawing from previous cases like Shree Cement Ltd. and Welspun Corporation Ltd., emphasized that adjusting VAT against subsidy was equivalent to cash payment, supporting the appellant's position and allowing the appeals. Case-Laws Central Excise Fri, 21 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392612