1984 (7) TMI 339

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..... ee is covered by serial No. 2 of Notification No. ST-II-6628/X-1012-1972 dated 1st December, 1973, which runs as follows: "Copper, tin, zinc, nickel or alloy or scraps containing any of these metals only, including sheets and circles used in the manufacture of brasswares." The contention of the assessee is that it deals in tin scrap, and therefore, the case of the assessee is fully covered by .....

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..... e tax payable in respect of any sale or purchase of declared goods, shall not exceed 4 per cent. So section 15 simply lays down the ceiling of 4 per cent of the tax to be levied on the declared commodities. The reasoning of the Tribunal that the assessee is liable to be taxed under section 14, is incorrect. The bare reading of serial No. 2 of the notification dated 1st December, 1973, clearly show .....

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