M/S. Bhagvathy Traders vs The Commissioner Of Central Excise ... on 17 September, 2014
10. On the other hand, the Department has relied on certain judgments of
the Tribunal, especially, Modern Business Solutions vs CST, Ahmedabad [2019
(24) GSTL 353 (Tri-Ahm)] where the Tribunal has, inter alia, observed that
while in terms of decision of Hon'ble Supreme Court in the case of
Intercontinental Consultants & Technocrats Ltd (supra), reimbursements cannot
be included in the assessable value, however, what constitutes reimbursements
has to be determined in the light of Larger Bench in the case of Sri Bhagavathy
Traders vs CCE, Cochin [2011 (24) STR 290 (Tri-LB)].