https://www.taxtmi.com/caselaws?id=438875 Subsidy received under the Madhya Pradesh Industrial Investment Promotion Assistance Scheme, 2004 was not includible in assessable value under section 4(3)(d) of the Central Excise Act, 1944. The reasoning was that the assessee had collected full sales tax from customers and later received the State subsidy under the promotion policy, so the subsidy did not reduce the selling price or operate as additional consideration for the sale. The decision distinguished Super Synotex India on the ground that, there, only part of the collected tax was remitted to the State and the balance was retained by the assessee. en-us Mon, 29 May 2023 00:00:00 +0530 Mon, 12 Jun 2023 08:42:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438875 Subsidy received under the Madhya Pradesh Industrial Investment Promotion Assistance Scheme, 2004 was not includible in assessable value under section 4(3)(d) of the Central Excise Act, 1944. The reasoning was that the assessee had collected full sales tax from customers and later received the State subsidy under the promotion policy, so the subsidy did not reduce the selling price or operate as additional consideration for the sale. The decision distinguished Super Synotex India on the ground that, there, only part of the collected tax was remitted to the State and the balance was retained by the assessee. Case-Laws Central Excise Mon, 29 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438875