https://www.taxtmi.com/caselaws?id=768328 Tribunal analyzed VAT retention under the Assam Industries (Tax Remission) Scheme, 2005, determining it was a state subsidy, not additional consideration for excise duty calculation. The Tribunal ruled in favor of the appellant, holding that the VAT retention should not be included in the assessable value under Section 4 of the Central Excise Act, 1944, and set aside the demand for excise duty, interest, and penalty. en-us Mon, 10 Mar 2025 00:00:00 +0530 Sat, 05 Apr 2025 08:23:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768328 Tribunal analyzed VAT retention under the Assam Industries (Tax Remission) Scheme, 2005, determining it was a state subsidy, not additional consideration for excise duty calculation. The Tribunal ruled in favor of the appellant, holding that the VAT retention should not be included in the assessable value under Section 4 of the Central Excise Act, 1944, and set aside the demand for excise duty, interest, and penalty. Case-Laws Central Excise Mon, 10 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768328