Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
Classification of goods - levy of VAT @ 4% or taxable @ 12.5% - Handicrafts - no hesitation in concluding that a product in order to qualify as “Handicrafts” for the purposes of application of entry no.128 of the third schedule to DVAT, must have been made “predominantly by hand” and it would be inconsequential if some part of the process involves use of some machinery. - HC
Classification of goods - levy of VAT @ 4% or taxable @ 12.5% - Handicrafts - no hesitation in concluding that a product in order to qualify as “Handicrafts” for the purposes of application of entry no.128 of the third schedule to DVAT, must have been made “predominantly by hand” and it would be inconsequential if some part of the process involves use of some machinery. - HC
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