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TMI Blog1988 (11) TMI 334X X X X Extracts X X X X X X X X Extracts X X X X ..... cofix-SH" is to be taxed at 12 per cent as per the Notification No. F. 5(22)FD/CT/70-7, dated 9th March, 1970. The assessing authority found that the commodity "falcofix" is glue which is covered by serial No. 18 of the aforesaid notification and as such it is to be taxed at the rate of 12 per cent. Aggrieved against this the assessee approached the appellate court, i.e., Additional Commissioner ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Government hereby notifies that with immediate effect the rate of the tax payable by a dealer in respect of the goods specified in column 2 of the list annexed hereto shall be as shown against them in column 3 of the said list. LIST ----------------------------------------------------------------------- S.No. Description of goods Rate of tax 1 2 3 --------------------------------------- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd blood. The most important vegetable glue is made from soyabean protein. Combustible in solid form. Nontoxic, but inedible. See also adhesive, fish glue, collagen gelatin." The adhesive have also been defined in the Condensed Chemical Dictionary, 10th Edition which reads as under: "Any substance, inorganic or organic, natural or synthetic, that is capable of bonding substances together by su ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nthetic compound and it does not fall in the narrow definition of a "glue" which is organic in nature. Though, the purpose of both the items is binding, but the "falcofix" is a new development in the horizons of the binding industry or in a hardware industry. The effect of this item is also the same but since all the items in the list has been enumerated by nomenclature and it does not include s ..... X X X X Extracts X X X X X X X X Extracts X X X X
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