https://www.taxtmi.com/caselaws?id=72315 The High Court upheld the lower court's decision in favor of a Public Limited Company, ruling that its product, described as "absorbent cotton (uncarded)," qualified as "absorbent cotton wool" for cash subsidy purposes under the government scheme. The Court emphasized the common trade parlance interpretation over scientific descriptions, supported by evidence and past approvals. The judgment dismissed the appeal, confirming the company's entitlement to the cash subsidy and directing the return of the bank guarantee. en-us Wed, 18 Dec 1985 00:00:00 +0530 Wed, 18 May 2011 14:47:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72315 The High Court upheld the lower court's decision in favor of a Public Limited Company, ruling that its product, described as "absorbent cotton (uncarded)," qualified as "absorbent cotton wool" for cash subsidy purposes under the government scheme. The Court emphasized the common trade parlance interpretation over scientific descriptions, supported by evidence and past approvals. The judgment dismissed the appeal, confirming the company's entitlement to the cash subsidy and directing the return of the bank guarantee. Case-Laws Customs Wed, 18 Dec 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72315