https://www.taxtmi.com/caselaws?id=437628 The Tribunal held that the subsidy received under the Rajasthan Investment Promotion Scheme, 2014 is not includible in the assessable value for Central Excise duty purposes. It clarified that the subsidy is akin to incentives under other schemes and does not constitute consideration for levy of excise duty. The Tribunal also found that there was no suppression of facts by the appellant regarding the inclusion of the subsidy in the transaction value, thus no interest or penalty was leviable. The impugned orders were set aside, and both appeals were allowed, granting consequential benefits to the appellant. en-us Mon, 08 May 2023 00:00:00 +0530 Thu, 11 May 2023 16:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437628 The Tribunal held that the subsidy received under the Rajasthan Investment Promotion Scheme, 2014 is not includible in the assessable value for Central Excise duty purposes. It clarified that the subsidy is akin to incentives under other schemes and does not constitute consideration for levy of excise duty. The Tribunal also found that there was no suppression of facts by the appellant regarding the inclusion of the subsidy in the transaction value, thus no interest or penalty was leviable. The impugned orders were set aside, and both appeals were allowed, granting consequential benefits to the appellant. Case-Laws Central Excise Mon, 08 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437628