https://www.taxtmi.com/caselaws?id=85928 An automatic multi-station machine described in the invoice and catalogue as a bolt or nut making machine qualified for concessional assessment under the relevant exemption entry because its essential character was that of a bolt or nut making machine. The fact that it was capable of additional functions, or had been tooled for making other products, did not displace its classification for exemption purposes. The operative test was the machine's fundamental description within the notified class, not its incidental versatility. On that basis, the exemption was held applicable and the departmental challenge failed. en-us Fri, 20 Sep 1996 00:00:00 +0530 Tue, 09 Aug 2011 11:09:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85928 An automatic multi-station machine described in the invoice and catalogue as a bolt or nut making machine qualified for concessional assessment under the relevant exemption entry because its essential character was that of a bolt or nut making machine. The fact that it was capable of additional functions, or had been tooled for making other products, did not displace its classification for exemption purposes. The operative test was the machine's fundamental description within the notified class, not its incidental versatility. On that basis, the exemption was held applicable and the departmental challenge failed. Case-Laws Customs Fri, 20 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85928