https://www.taxtmi.com/caselaws?id=103938 Sales tax exemption under the Industrial Policy Resolution was held to be confined to new small-scale units engaged in manufacture or production of distinct goods, because the scheme targeted industrialisation through manufacturing activity rather than mere processing. The Court further noted that whether cotton derived from waste cotton amounted to manufacture depended on the actual process and on whether a new and different product emerged, but the existing material was insufficient to decide that question. As the High Court had not examined the relevant sales tax provisions, rules and notifications, and the factual basis was incomplete, the matters were remitted for fresh consideration. en-us Fri, 28 Jul 1995 00:00:00 +0530 Thu, 01 May 2014 15:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103938 Sales tax exemption under the Industrial Policy Resolution was held to be confined to new small-scale units engaged in manufacture or production of distinct goods, because the scheme targeted industrialisation through manufacturing activity rather than mere processing. The Court further noted that whether cotton derived from waste cotton amounted to manufacture depended on the actual process and on whether a new and different product emerged, but the existing material was insufficient to decide that question. As the High Court had not examined the relevant sales tax provisions, rules and notifications, and the factual basis was incomplete, the matters were remitted for fresh consideration. Case-Laws VAT and Sales Tax Fri, 28 Jul 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103938