Instructions in the light of Judgement of Hon'ble Supreme Court on Sales Tax Incentive Scheme

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..... Dated:18-11-2014 Trade Notice No. 08/CE/JaI/14 Subject:- Instructions in the light of Judgement of Hon'ble Supreme Court on Sales Tax Incentive Scheme-regarding. 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 abatement of sal .....

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..... overnment IS only excludible from the transaction value. What is not payable or to be paid as sales lax/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 mad .....

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