https://www.taxtmi.com/caselaws?id=148245 Oxygen was treated as a chemical within the taxable entry for chemicals because the term was given its broad dictionary meaning in the absence of contrary commercial usage evidence. The same commodity could also qualify as a medicine when sold for medicinal purposes, so the applicable tax rate depended on the character of the sale. Oxygen sold for industrial use attracted the higher rate, while oxygen sold for medicinal use was taxable at the reduced rate for medicines or medicinal preparations. The turnover therefore had to be apportioned between industrial and medicinal sales according to actual use. en-us Tue, 06 Dec 1966 00:00:00 +0530 Wed, 24 Apr 2013 15:22:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=148245 Oxygen was treated as a chemical within the taxable entry for chemicals because the term was given its broad dictionary meaning in the absence of contrary commercial usage evidence. The same commodity could also qualify as a medicine when sold for medicinal purposes, so the applicable tax rate depended on the character of the sale. Oxygen sold for industrial use attracted the higher rate, while oxygen sold for medicinal use was taxable at the reduced rate for medicines or medicinal preparations. The turnover therefore had to be apportioned between industrial and medicinal sales according to actual use. Case-Laws VAT and Sales Tax Tue, 06 Dec 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=148245