https://www.taxtmi.com/caselaws?id=152652 Silver ornaments were held to fall within serial No. 27 of the taxable goods schedule, so the specific scheduled rate prevailed over the general rate for unclassified goods. Applying the earlier decision on the same commodity, the HC held that the enhanced 7 per cent rate, operative from 15 May 1970, governed the turnover for the 1971-72 assessment year. The Tribunal was therefore not justified in applying the 5 per cent rate, and the higher tax rate on silver ornaments was upheld in favour of Revenue. en-us Tue, 08 Jan 1980 00:00:00 +0530 Mon, 08 Jul 2013 14:20:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152652 Silver ornaments were held to fall within serial No. 27 of the taxable goods schedule, so the specific scheduled rate prevailed over the general rate for unclassified goods. Applying the earlier decision on the same commodity, the HC held that the enhanced 7 per cent rate, operative from 15 May 1970, governed the turnover for the 1971-72 assessment year. The Tribunal was therefore not justified in applying the 5 per cent rate, and the higher tax rate on silver ornaments was upheld in favour of Revenue. Case-Laws VAT and Sales Tax Tue, 08 Jan 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152652