https://www.taxtmi.com/caselaws?id=152730 Steel scrap loses its original commercial identity when converted into ingots, billets, bars or rods; those finished products are separately taxable and cannot escape levy on the ground that tax was already paid on the scrap. Promissory estoppel also cannot defeat a statutory tax liability: governmental circulars that are not statutory exemptions, and prior non-collection of tax, do not bind the State contrary to the taxing law. The court therefore sustained assessment on the converted steel products and rejected the exemption claim and estoppel plea. en-us Tue, 06 Mar 1979 00:00:00 +0530 Tue, 09 Jul 2013 15:14:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152730 Steel scrap loses its original commercial identity when converted into ingots, billets, bars or rods; those finished products are separately taxable and cannot escape levy on the ground that tax was already paid on the scrap. Promissory estoppel also cannot defeat a statutory tax liability: governmental circulars that are not statutory exemptions, and prior non-collection of tax, do not bind the State contrary to the taxing law. The court therefore sustained assessment on the converted steel products and rejected the exemption claim and estoppel plea. Case-Laws VAT and Sales Tax Tue, 06 Mar 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152730