https://www.taxtmi.com/caselaws?id=83623 The Court interpreted the term 'industrial raw-material (inputs)' in a notification under the Bihar Finance Act, 1981. The dispute centered on whether items like tyres, tubes, and batteries, used in manufacturing vehicles, qualified for a concessional tax rate of 1%. The Court broadly construed 'raw material,' holding that these items, though finished products individually, were considered raw materials when used in the manufacturing process. Consequently, the Court ruled in favor of the appellant, allowing the concessional tax rate for the specified items and directing each party to bear their own costs. en-us Fri, 07 Oct 1994 00:00:00 +0530 Sat, 28 Jun 2014 10:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83623 The Court interpreted the term 'industrial raw-material (inputs)' in a notification under the Bihar Finance Act, 1981. The dispute centered on whether items like tyres, tubes, and batteries, used in manufacturing vehicles, qualified for a concessional tax rate of 1%. The Court broadly construed 'raw material,' holding that these items, though finished products individually, were considered raw materials when used in the manufacturing process. Consequently, the Court ruled in favor of the appellant, allowing the concessional tax rate for the specified items and directing each party to bear their own costs. Case-Laws VAT and Sales Tax Fri, 07 Oct 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83623