https://www.taxtmi.com/caselaws?id=150633 Concessional tax treatment for sales of component parts applies only where goods listed in the Second Schedule are sold to a registered dealer for direct use as identifiable constituents of other scheduled finished goods. Felt washers, being components of micro filters rather than direct components of motor vehicles, fall outside this requirement. The statutory scheme does not permit a further concessional chain for components of components. Schedule entries concerning other finished goods similarly support limiting the concession to direct component parts. Consequently, sales of felt washers do not qualify for the concessional rate under section 5(3A). en-us Tue, 30 Oct 1973 00:00:00 +0530 Mon, 20 May 2013 15:59:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=150633 Concessional tax treatment for sales of component parts applies only where goods listed in the Second Schedule are sold to a registered dealer for direct use as identifiable constituents of other scheduled finished goods. Felt washers, being components of micro filters rather than direct components of motor vehicles, fall outside this requirement. The statutory scheme does not permit a further concessional chain for components of components. Schedule entries concerning other finished goods similarly support limiting the concession to direct component parts. Consequently, sales of felt washers do not qualify for the concessional rate under section 5(3A). Case-Laws VAT and Sales Tax Tue, 30 Oct 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=150633