https://www.taxtmi.com/caselaws?id=465525 The retained amount under a State sales tax deferment and pre-mature repayment scheme was not additional consideration for the sale of excisable goods and could not be added to transaction value under Section 4 of the Central Excise Act, 1944 read with Rule 6 of the Central Excise Valuation Rules, 2000. Following settled law that a sales tax subsidy or incentive does not reduce the selling price and is not part of the price paid by the buyer, the Tribunal held that the amount received as a State subsidy was outside the assessable value. The excise duty demand and consequential penalty proposal were therefore unsustainable. en-us Fri, 13 Dec 2024 00:00:00 +0530 Tue, 30 Dec 2025 11:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465525 The retained amount under a State sales tax deferment and pre-mature repayment scheme was not additional consideration for the sale of excisable goods and could not be added to transaction value under Section 4 of the Central Excise Act, 1944 read with Rule 6 of the Central Excise Valuation Rules, 2000. Following settled law that a sales tax subsidy or incentive does not reduce the selling price and is not part of the price paid by the buyer, the Tribunal held that the amount received as a State subsidy was outside the assessable value. The excise duty demand and consequential penalty proposal were therefore unsustainable. Case-Laws Central Excise Fri, 13 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465525