Subsidy Excluded from Transaction Value; Full Sales Tax Collected Must Be Paid by Assessee Under Promotion Policy.

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Full Text of the Document

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....Valuation - inclusion of subsidy - Under the promotion policy involved in these appeals, the subsidy does not reduce the sales tax that is required to be paid by the assessee. The entire amount of sales tax collected by the assessee from the customers is required to be paid. - What has been retained by the appellant is basically the subsidy amount and it is not the case of the Department that subsidy amount has to be included in the transaction value. - Subsidy amount not to be included in the transaction value - AT....