Subsidy under Rajasthan Investment Promotion Policy-2003 not includible in transaction value for levy of excise duty

Harit Polytech Pvt. Ltd. Vs Commissioner (CESTAT Delhi) Subsidy under Rajasthan Investment Promotion Policy-2003 not includible in transaction value for levy of excise duty CESTAT Delhi held that the subsidy amount received under Rajasthan Investment Promotion Policy-2003 using VAT-37B challan cannot be included in the transaction value for the purpose of levy of central excise duty under section 4 of the Excise Act. Facts- The appellant had been granted investment subsidy under the Rajasthan Investment Promotion Policy-2003 to the extent of Rs. 26,98,304/- during the relevant period by the St...