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2018 (8) TMI 1091 - CESTAT NEW DELHIValuation - includibility - investment subsidy against Entitlement Certificate sanctioned under the above policy - Held that:- The issue of liability of payment of excise duty on the subsidy amounts has been decided in favour of the appellant in the case of GREENLAM INDUSTRIES LTD [2018 (4) TMI 1552 - CESTAT NEW DELHI], where it was held that there is no justification for inclusion in the assessable value, the VAT amounts paid by the assessee using VAT 37B Challans. There can be no liability for payment of excise duty on the VAT subsidy amount - penalty also set aside - appeal allowed - decided in favor of appellant.
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