https://www.taxtmi.com/caselaws?id=769620 CESTAT Kolkata held that VAT amounts collected but retained by the appellant under a state remission scheme must be included in assessable value for Central Excise duty calculation. Following SC precedent in Super Synotex case, the tribunal ruled that retained VAT constitutes additional consideration under transaction value provisions. The demand for excise duty during normal limitation period with interest was upheld, but penalties were set aside. Extended period demand was rejected. Matter remanded to adjudicating authority for verification of duty payment calculations. en-us Thu, 13 Feb 2025 00:00:00 +0530 Tue, 29 Apr 2025 08:33:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769620 CESTAT Kolkata held that VAT amounts collected but retained by the appellant under a state remission scheme must be included in assessable value for Central Excise duty calculation. Following SC precedent in Super Synotex case, the tribunal ruled that retained VAT constitutes additional consideration under transaction value provisions. The demand for excise duty during normal limitation period with interest was upheld, but penalties were set aside. Extended period demand was rejected. Matter remanded to adjudicating authority for verification of duty payment calculations. Case-Laws Central Excise Thu, 13 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769620