Rate of Tax - Yarn - this being an exemption clause, strict ...

Strict Interpretation Required for Tax Exemption on Yarn; Only Cotton Yarn Qualifies Under Entry 44.

December 21, 2017

Case Laws VAT and Sales Tax HC

Rate of Tax - Yarn - this being an exemption clause, strict interpretation has to be given to such exemption clause, and there is no room for any liberal interpretation with regard to such exemption - Under the said statutory notification, the term 'Yarn' has been defined only as cotton yarn. To interpret that Entry 44 to mean to include all types of yarn packed in hank form is incorrect way of interpreting the exemption provision. - HC

View Source

← Previous Next →

Rate of Tax - Yarn - this being an exemption clause, strict ...

Strict Interpretation Required for Tax Exemption on Yarn; Only Cotton Yarn Qualifies Under Entry 44.

December 21, 2017

Case Laws VAT and Sales Tax HC

You may also like:

Benefits of exemption - The Hank Yarn of others types of Yarns like Silk for Handloom Kancheepuram and Banarasi Silk Sarees, Khadi Slik, Linen fabric are also used by...

Doctrine of mutuality - Exemption from taxability - The doctrine of mutuality bestows a special status to qualify for exemption from tax liability. It is a settled...

Exemption of Tax – Export of cotton Yarn - Notice of pre-assessment - the notification leaves no restriction as to the subject of export to condition the grant of exemption - HC

No revalidation will be granted to RCs for cotton and cotton yarn.

Exemption scheme or policy cannot be applied retrospectively. Petitioner purchased a hybrid vehicle and paid applicable tax before the exemption policy was introduced....

Inter unit transfer of cotton and cotton yarn - two units of the same company having separate registration - cannot be treated as sale transaction - no tax liability - HC

Mis-use of C-Form - Exemption under CST Act - The word ‘resell’ or the provisions as appearing in Section 8(3)(b) if read jointly, the word ‘resell’ would take an...

100% EOU - the waste generated during the manufacturing process of cotton blended yarn - predominating factor is of cotton waste, and waste is classifiable under Chapter...

Clearance of goods to DTA by an EOU - cotton yarn was manufactured out of indigenous cotton and imported wax, as wax was contained in the final product (yarn) - benefit...

Levy of Entry Tax - stock transfer price - validity of Equalized List Price (ELP), adopted by the appellant - As per Section 4 of the Entry Tax Act, the entry tax...

Clarification regarding registration of contracts of cotton and cotton yarn with DGFT. - Cir. No. 51(RE-2010)/2009-14 Dated: December 28, 2011

Restoration of DEPB benefit on export of ‘Cotton yarn including Melange Yarn’. – Circular 67 /2009-2014(RE 2010) Dated: August 4, 2011

Exemption from Tax - Classification of goods sold - emery cloth - unclassified item or not - tarpaulins - cotton fabrics or not - The Tribunal, after considering...

Interpretation of statute - When the Entry in question specifically provides for exemption to the goods described as “Hank Yarn” without any ambiguity or qualification,...

The case pertains to service tax liability arising from the sale/transfer of a business as a going concern by way of slump sale under the Income Tax Act, 1961. The issue...

Quick Updates: