https://www.taxtmi.com/caselaws?id=294948 The Tribunal ruled in favor of the appellants, holding that subsidies received under the Rajasthan Investment Promotion Scheme, specifically in the form of VAT 37B challans, should not be included in the assessable value of goods under the Central Excise Act. The Tribunal relied on legal precedents and scheme provisions to determine that the VAT amounts paid using subsidy challans were considered legal tax payments under the Rajasthan Government scheme, thus rejecting the Revenue's argument. The impugned orders were set aside, and the appeals were allowed in favor of the appellants. en-us Mon, 14 May 2018 00:00:00 +0530 Wed, 12 May 2021 08:26:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294948 The Tribunal ruled in favor of the appellants, holding that subsidies received under the Rajasthan Investment Promotion Scheme, specifically in the form of VAT 37B challans, should not be included in the assessable value of goods under the Central Excise Act. The Tribunal relied on legal precedents and scheme provisions to determine that the VAT amounts paid using subsidy challans were considered legal tax payments under the Rajasthan Government scheme, thus rejecting the Revenue's argument. The impugned orders were set aside, and the appeals were allowed in favor of the appellants. Case-Laws Central Excise Mon, 14 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294948