https://www.taxtmi.com/caselaws?id=435734 A governmental investment promotion subsidy that does not reduce the assessee's sales tax or VAT liability, and is used only to discharge part of that liability, is not a price subsidy and does not depress the selling price of goods. It is also not additional consideration flowing from the buyer to the seller, so it cannot be included in transaction value for excise valuation. The tribunal distinguished Super Synotex India Ltd. because that scheme involved retention of tax collected from customers, unlike the present arrangement. Section 9 of the Rajasthan VAT Act, 2003 was held inapplicable on these facts, and the subsidy was excluded from transaction value. en-us Tue, 21 Mar 2023 00:00:00 +0530 Mon, 20 Jan 2025 16:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435734 A governmental investment promotion subsidy that does not reduce the assessee's sales tax or VAT liability, and is used only to discharge part of that liability, is not a price subsidy and does not depress the selling price of goods. It is also not additional consideration flowing from the buyer to the seller, so it cannot be included in transaction value for excise valuation. The tribunal distinguished Super Synotex India Ltd. because that scheme involved retention of tax collected from customers, unlike the present arrangement. Section 9 of the Rajasthan VAT Act, 2003 was held inapplicable on these facts, and the subsidy was excluded from transaction value. Case-Laws Central Excise Tue, 21 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435734