2015 (9) TMI 1086 - SCH - VAT and Sales Tax

Exemption under the Expansion Scheme - Section 4A of UPTT - Whether stock transfers and consignment sales have to be included in calculating the base production - Apex court dismissed the appeal against the decision of HC 2010 (10) TMI 945 - ALLAHABAD HIGH COURT (LB) wherein HC has decided that under the notification no. 640 dated 21.2.1997 the unit undergone expansion is entitled for the exemption on the turnover of the quantity in excess of the quantity of base production plus stock of the base production of the previous years. The base production includes the quantity of the stock transfer/consignment transaction.