https://www.taxtmi.com/caselaws?id=104552 Old industrial units that began production before 1 April 1993 and had plant-and-machinery investment not exceeding Rs. 15 crores were held entitled under paragraph 10.4(i)(b) of the Industrial Incentive Policy, 1993 to sales tax exemption on raw material purchases for seven years from 1 April 1993. The policy clause was treated as creating a distinct entitlement for that class of units, and the general opening language could not cut down its clear terms. A notification under the Bihar Finance Act could implement the policy, but it could not add a disqualifying condition excluding units that had earlier taken industrial incentives, because that would narrow the substantive benefit granted by the policy. The additional condition was therefore invalid. en-us Tue, 17 Nov 1998 00:00:00 +0530 Fri, 18 Jul 2014 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104552 Old industrial units that began production before 1 April 1993 and had plant-and-machinery investment not exceeding Rs. 15 crores were held entitled under paragraph 10.4(i)(b) of the Industrial Incentive Policy, 1993 to sales tax exemption on raw material purchases for seven years from 1 April 1993. The policy clause was treated as creating a distinct entitlement for that class of units, and the general opening language could not cut down its clear terms. A notification under the Bihar Finance Act could implement the policy, but it could not add a disqualifying condition excluding units that had earlier taken industrial incentives, because that would narrow the substantive benefit granted by the policy. The additional condition was therefore invalid. Case-Laws VAT and Sales Tax Tue, 17 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104552