Instructions in light of Judgment of Hon’ble Supreme Court on Sales Tax Incentive Scheme-reg.

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....;     The Chief Commissioners of Central Excise (All) Sub:  Instructions in light of Judgment of Hon'ble Supreme Court on Sales Tax Incentive Scheme-reg.             Kind attention is invited to the judgment of Hon'ble Supreme Court in case of M/s Super Synotex India Ltd. [2014-TIOL-19-SC-CX] on the issue of abat....

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....vernment is only excludible from the transaction value. What is not payable or to be paid as sales tax/VAT, should not be charged from the third customer/party but if it is charged and is not payable or paid, it is a part and should not be excluded from the transaction value. This is the position after the amendment, for as per the amended provisions the words "transaction value" mean payment made....