https://www.taxtmi.com/caselaws?id=149802 Liquid gold is classifiable as a chemical for sales tax purposes because it is produced through a chemical process from gold bullion and other substances, contains gold only in colloidal proportion, and has a distinct commercial identity. Its specialised use in decorating glass and ceramic ware, rather than as metal, bullion, specie, or for ordinary gold uses, supports classification by trade and common parlance, scientific character, manufacture, and commercial use. It is therefore not taxable as bullion or as an unspecified item. en-us Fri, 13 Feb 1970 00:00:00 +0530 Fri, 03 May 2013 17:40:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=149802 Liquid gold is classifiable as a chemical for sales tax purposes because it is produced through a chemical process from gold bullion and other substances, contains gold only in colloidal proportion, and has a distinct commercial identity. Its specialised use in decorating glass and ceramic ware, rather than as metal, bullion, specie, or for ordinary gold uses, supports classification by trade and common parlance, scientific character, manufacture, and commercial use. It is therefore not taxable as bullion or as an unspecified item. Case-Laws VAT and Sales Tax Fri, 13 Feb 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=149802