https://www.taxtmi.com/caselaws?id=149920 Nylon yarn was treated as falling within the expression "artificial silk yarn" for the purposes of the concessional notification under the Kerala General Sales Tax Act, 1963. On that classification, the notification's relief applied to the first sale point and the reduced tax rate of 2 per cent became available. The operative principle is that where the commodity sold answers the description used in a tax exemption or concession notification, the notified benefit must be applied according to that classification, and the turnover of nylon yarn qualified for concessional sales tax treatment. en-us Thu, 08 Apr 1971 00:00:00 +0530 Mon, 06 May 2013 12:50:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=149920 Nylon yarn was treated as falling within the expression "artificial silk yarn" for the purposes of the concessional notification under the Kerala General Sales Tax Act, 1963. On that classification, the notification's relief applied to the first sale point and the reduced tax rate of 2 per cent became available. The operative principle is that where the commodity sold answers the description used in a tax exemption or concession notification, the notified benefit must be applied according to that classification, and the turnover of nylon yarn qualified for concessional sales tax treatment. Case-Laws VAT and Sales Tax Thu, 08 Apr 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=149920