https://www.taxtmi.com/caselaws?id=297717 The Tribunal held that VAT subsidy amounts received via VAT-37 B challans should not be included in the assessable value under Section 4 of the Central Excise Act. Relying on precedents, the Tribunal distinguished between subsidy and exemption, determining that the subsidy was linked to capital investment and not a tax exemption. The decision overturned the Revenue's inclusion of the subsidy, aligning with a previous Tribunal ruling on a similar scheme. This judgment clarifies the treatment of VAT subsidies and emphasizes the legal differentiation between tax payments and subsidies in calculating assessable value under the Act. en-us Thu, 18 Jul 2019 00:00:00 +0530 Sun, 19 Sep 2021 22:12:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297717 The Tribunal held that VAT subsidy amounts received via VAT-37 B challans should not be included in the assessable value under Section 4 of the Central Excise Act. Relying on precedents, the Tribunal distinguished between subsidy and exemption, determining that the subsidy was linked to capital investment and not a tax exemption. The decision overturned the Revenue's inclusion of the subsidy, aligning with a previous Tribunal ruling on a similar scheme. This judgment clarifies the treatment of VAT subsidies and emphasizes the legal differentiation between tax payments and subsidies in calculating assessable value under the Act. Case-Laws Central Excise Thu, 18 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297717