https://www.taxtmi.com/caselaws?id=128024 Rule 5(b) of the Bombay Sales Tax (Exemptions, Set-off and Composition) Rules, 1954 exempts sales of bullion prepared by melting, mixing or refining bullion purchased from registered dealers, but its proviso excludes bullion produced by melting ornaments or other gold or silver articles. The provision therefore applies only to bullion in its ordinary course and not to refined bullion derived from ornaments. On the stated facts, the applicants bought old ornaments and other gold articles and sold refined bullion, bringing the transaction within the proviso. Exemption under rule 5(b) was therefore unavailable, and no alternative basis for exemption was shown. en-us Fri, 08 Apr 1960 00:00:00 +0530 Mon, 25 Mar 2013 18:40:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128024 Rule 5(b) of the Bombay Sales Tax (Exemptions, Set-off and Composition) Rules, 1954 exempts sales of bullion prepared by melting, mixing or refining bullion purchased from registered dealers, but its proviso excludes bullion produced by melting ornaments or other gold or silver articles. The provision therefore applies only to bullion in its ordinary course and not to refined bullion derived from ornaments. On the stated facts, the applicants bought old ornaments and other gold articles and sold refined bullion, bringing the transaction within the proviso. Exemption under rule 5(b) was therefore unavailable, and no alternative basis for exemption was shown. Case-Laws VAT and Sales Tax Fri, 08 Apr 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128024