2018 (4) TMI 1787

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....18-DB, E/50225/2018-DB, E/50226/2018-DB, E/50235/2018-DB, E/50257/2018-DB, E/50260/2018-DB, E/50263/2018-DB, E/50269/2018-DB, E/50270/2018-DB, E/50271/2018-DB, E/50294/2018-DB, E/50295/2018-DB, E/50297/2018-DB, E/50298/2018-DB, E/50299/2018-DB, E/50300/2018-DB, E/50330/2018-DB, E/50336/2018-DB, E/50347/2018-DB, E/50348/2018-DB, E/50368/2018-DB, E/50379/2018-DB, E/50380/2018-DB, E/50405/2018-DB, E/50406/2018-DB, E/50407/2018-DB, E/50408/2018-DB, E/50409/2018-DB, E/50411/2018-DB, E/50415/2018-DB, E/50434/2018-DB, E/50435/2018-DB, E/50481/2018-DB, E/50489/2018-DB, E/50501/2018-DB E/50503/2018-DB, E/50522/2018-DB, E/50524/2018-DB, E/50525/2018-DB, E/50535/2018-DB, E/50551/2018-DB, E/50552/2018-DB, E/50553/2018-DB, E/50560/2018-DB, E/50585/2018-....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ti Prime, Unik Dispoware Pvt Ltd, Takahata Precision India Pvt Ltd, Tokai Rubber Auto Parts Industries Pvt Ltd, Sanjo Forge India Pvt Ltd, Fine Products Pvt Ltd, TS Tech Sun Rajasthan Pvt Ltd, New Swan Enterprises, INOX Air Products Private Limited, Raghupati Casting P Ltd, Giri Raj Casting P Ltd, Galaxy Taps Private Limited, Neemrana Steel Service Centre India, Trans ACNR Solutions P Ltd, Maruti Products Pvt Ltd, Sanjog Steels Pvt Ltd, Bmi Industries, FIEM Industries Limited, Banglore Polycotters Pvt Ltd, Oji Jk Packaging P Ltd, Motherson Sumi Systems Ltd, Shriram Pistons & Rings, Bestex M M India Pvt Ltd, Satyam Plastfab Pvt, Ramco Industries Ltd, Ujala Pumps Pvt Ltd, Veekay Polycoats Ltd, Century Metal Recycling Privte Ltd, Surya Metallo....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....dy concern is sanctioned and disbursed in Form 37B and as such challans in the form VAT 37B can be utilised for discharge of the VAT liability of the appellant for subsequent period. The Revenue was of the view that VAT liability discharged by the utilisation of the investment subsidy granted in Form 37B actually paid, for the purpose of Section 4 of the Central Excise Act. Accordingly, the Revenue proceeded to include such subsidy amounts in the value of the goods cleared by the appellants and demanded the difference of the duty. Being aggrieved, the appellants have filed the present appeals. 3. With this background we heard the Ld. Advocates for the appellant and Shri M.R. Sharma, Ld DR for the Revenue. 4. After hearing both sides and....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... the sales tax/VAT is actually paid to the good, no benefit towards excise duty can be given in terms of Section 4(3)(d). However, we note that the Tribunal in the case of Welspun Corporation Ltd. (Supra) has distinguished the decision of the Apex Court in the light of Gujarat VAT Act, 2003. In the Welspun Corporation Ltd. case, the assesse had opted for remission of tax scheme under which a portion of the VAT paid was remitted back to the assessee. The Tribunal held that such subsidy amounts are not required to the included in the transaction value. 9. In the present case we know that for the initial period the assessees are required to remit the VAT recovered by them at the time of sale of the goods manufactured. A part of such VAT is ....