https://www.taxtmi.com/caselaws?id=797191 Fertilizer subsidy paid directly by the Government under the Nutrient Based Subsidy Policy is not additional consideration for central excise valuation because it does not flow, directly or indirectly, from purchasers to the manufacturer. Transaction value under section 4 permits additions only where consideration beyond the price originates from the buyer. Linking subsidy amounts to the quantity or category of fertilizer sold does not establish a purchaser-to-manufacturer flow. The applicable Board clarification likewise treats the subsidy as unconnected with buyers. The subsidy is therefore excluded from assessable value, and consequential duty, interest and penalty demands do not survive. en-us Mon, 17 Aug 2026 00:00:00 +0530 Wed, 19 Aug 2026 08:20:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797191 Fertilizer subsidy paid directly by the Government under the Nutrient Based Subsidy Policy is not additional consideration for central excise valuation because it does not flow, directly or indirectly, from purchasers to the manufacturer. Transaction value under section 4 permits additions only where consideration beyond the price originates from the buyer. Linking subsidy amounts to the quantity or category of fertilizer sold does not establish a purchaser-to-manufacturer flow. The applicable Board clarification likewise treats the subsidy as unconnected with buyers. The subsidy is therefore excluded from assessable value, and consequential duty, interest and penalty demands do not survive. Case-Laws Central Excise Mon, 17 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797191