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2019 (12) TMI 109 - AT - Central ExciseValuation - inclusion of Sales Tax subsidy in assessable value - Whether the Sales Tax subsidy received in the form of VAT-38B challans which has been used to pay VAT/CST liability of the subsequent period, amounts to retention of VAT/CST amount collected by the Appellants from the customers and thus liable to be included in the transaction value of the final products of the Appellants? HELD THAT:- There is no justification for inclusion of VAT amount paid by the assessee using VAT-38B Challan in the assessable value. The order impugned in the appeals, so far as it relates to the present four Appellants, cannot, therefore, be sustained - appeal allowed - decided in favor of appellant.
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