https://www.taxtmi.com/caselaws?id=756234 A subsidy received under the Rajasthan Investment Promotion Scheme, 2010, in the form of VAT 37B Forms, was held not includible in the assessable value for central excise valuation under section 4(3)(d). The Tribunal treated the subsidy as a reimbursement linked to VAT payment, not as a reduction in sale price or additional consideration, and followed its settled view that VAT collected from customers and remitted through VAT 37B challans did not alter transaction value. The contrary demand was therefore unsustainable, and the excise demand, interest, and penalty could not stand. en-us Thu, 18 Jul 2024 00:00:00 +0530 Wed, 31 Jul 2024 08:35:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756234 A subsidy received under the Rajasthan Investment Promotion Scheme, 2010, in the form of VAT 37B Forms, was held not includible in the assessable value for central excise valuation under section 4(3)(d). The Tribunal treated the subsidy as a reimbursement linked to VAT payment, not as a reduction in sale price or additional consideration, and followed its settled view that VAT collected from customers and remitted through VAT 37B challans did not alter transaction value. The contrary demand was therefore unsustainable, and the excise demand, interest, and penalty could not stand. Case-Laws Central Excise Thu, 18 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756234