https://www.taxtmi.com/caselaws?id=151196 Section 18B(2) of the Bombay Sales Tax Act, 1953 and rule 11(1A) of the Bombay Sales Tax (Exemptions, Set-off and Composition) Rules, 1954 were construed as granting the prescribed one per cent deduction by reference to the sale price of finished goods sold outside the State. The wording was read as linked to the dealer's sales of manufactured goods, not to a notional or proportionate sale of raw materials, packing materials or containers used in manufacture. The alternative interpretation was rejected because it was inconsistent with the rule's language and scheme. The deduction therefore applied to the finished product's sale price. en-us Tue, 24 Feb 1976 00:00:00 +0530 Sat, 01 Jun 2013 14:42:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151196 Section 18B(2) of the Bombay Sales Tax Act, 1953 and rule 11(1A) of the Bombay Sales Tax (Exemptions, Set-off and Composition) Rules, 1954 were construed as granting the prescribed one per cent deduction by reference to the sale price of finished goods sold outside the State. The wording was read as linked to the dealer's sales of manufactured goods, not to a notional or proportionate sale of raw materials, packing materials or containers used in manufacture. The alternative interpretation was rejected because it was inconsistent with the rule's language and scheme. The deduction therefore applied to the finished product's sale price. Case-Laws VAT and Sales Tax Tue, 24 Feb 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151196