https://www.taxtmi.com/caselaws?id=463347 Subsidy received through Form 37B vouchers and applied towards payment of sales tax was treated as not forming part of the value of clearances for central excise duty, following an earlier Tribunal ruling on the same issue. On that basis, the demand to include the subsidy in assessable value failed, and the enhanced penalty under Section 11AC of the Central Excise Act, 1944 was held unsustainable and set aside. The assessee therefore obtained relief against both the valuation adjustment and the penalty. en-us Fri, 21 Dec 2018 00:00:00 +0530 Mon, 25 Aug 2025 17:17:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463347 Subsidy received through Form 37B vouchers and applied towards payment of sales tax was treated as not forming part of the value of clearances for central excise duty, following an earlier Tribunal ruling on the same issue. On that basis, the demand to include the subsidy in assessable value failed, and the enhanced penalty under Section 11AC of the Central Excise Act, 1944 was held unsustainable and set aside. The assessee therefore obtained relief against both the valuation adjustment and the penalty. Case-Laws Central Excise Fri, 21 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463347