https://www.taxtmi.com/caselaws?id=750782 A government nutrient-based subsidy was analysed for central excise valuation and found not to form part of the assessable value because it was part of fertilizer policy, was not linked to the buyer, and did not flow as consideration from the buyer to the manufacturer. On that basis, the cited precedent line and Board circular supported exclusion of the subsidy from valuation, so the demand could not be sustained and the related interest and penalty were also set aside. en-us Tue, 05 Mar 2024 00:00:00 +0530 Sat, 30 Mar 2024 19:22:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=750782 A government nutrient-based subsidy was analysed for central excise valuation and found not to form part of the assessable value because it was part of fertilizer policy, was not linked to the buyer, and did not flow as consideration from the buyer to the manufacturer. On that basis, the cited precedent line and Board circular supported exclusion of the subsidy from valuation, so the demand could not be sustained and the related interest and penalty were also set aside. Case-Laws Central Excise Tue, 05 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=750782