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 unde

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