https://www.taxtmi.com/caselaws?id=789443 State-granted VAT retention or remission under an industrial policy was treated as a capital incentive, not as part of the sale price or any additional consideration for excisable goods. The Tribunal applied its earlier rulings that such remission schemes do not enter the assessable value for central excise, because the retained VAT is an incentive flowing from the State policy rather than a component of transaction value. On that basis, inclusion of the retained VAT was rejected and the related duty demand was held unsustainable. en-us Thu, 05 Feb 2026 00:00:00 +0530 Thu, 09 Apr 2026 08:09:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789443 State-granted VAT retention or remission under an industrial policy was treated as a capital incentive, not as part of the sale price or any additional consideration for excisable goods. The Tribunal applied its earlier rulings that such remission schemes do not enter the assessable value for central excise, because the retained VAT is an incentive flowing from the State policy rather than a component of transaction value. On that basis, inclusion of the retained VAT was rejected and the related duty demand was held unsustainable. Case-Laws Central Excise Thu, 05 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789443