Foreign portfolio investment liberalisation extends listed equity access to all individual persons resident outside India, subject to limit monitoring...
The note examines whether soya flour qualifies for exemption under Notification No. 48, which was limited to atta of cereals and besan of pulses. It records that soya flour, derived from soyabean, fell outside those exempted categories and was not treated as cereal flour or pulse flour. On that basis, the exemption was unavailable and the levy of Central Sales Tax on inter-State sales was left undisturbed; the writ challenge failed.
The note examines whether soya flour qualifies for exemption under Notification No. 48, which was limited to atta of cereals and besan of pulses. It records that soya flour, derived from soyabean, fell outside those exempted categories and was not treated as cereal flour or pulse flour. On that basis, the exemption was unavailable and the levy of Central Sales Tax on inter-State sales was left undisturbed; the writ challenge failed.
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