https://www.taxtmi.com/caselaws?id=777362 VAT retained under the Assam tax remission scheme, when granted as a capital subsidy linked to fixed capital investment, was not treated as additional consideration for excisable clearances. The Tribunal followed its earlier ruling on identical facts and held that the retention represented industrial promotion support, not income or part of the transaction value. It therefore concluded that the retained VAT was excluded from assessable value for central excise purposes and the duty demand could not be sustained. en-us Wed, 06 Aug 2025 00:00:00 +0530 Fri, 29 Aug 2025 08:56:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777362 VAT retained under the Assam tax remission scheme, when granted as a capital subsidy linked to fixed capital investment, was not treated as additional consideration for excisable clearances. The Tribunal followed its earlier ruling on identical facts and held that the retention represented industrial promotion support, not income or part of the transaction value. It therefore concluded that the retained VAT was excluded from assessable value for central excise purposes and the duty demand could not be sustained. Case-Laws Central Excise Wed, 06 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777362