https://www.taxtmi.com/caselaws?id=153149 Iron and steel scrap arising during manufacture is treated as a distinct commercial commodity for sales tax purposes and not as a second or subsequent sale of the original declared goods, so it is not exempt on that basis. However, where the scrap answers the description of iron or steel scrap in the Second Schedule, the special single-point levy applies and the general multi-point charge does not. The turnover was therefore required to be assessed as the first sale of scrap at the scheduled rate under item 4(a) or 4(c), rather than under the general charging provision. en-us Thu, 18 Jun 1981 00:00:00 +0530 Thu, 18 Jul 2013 16:42:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153149 Iron and steel scrap arising during manufacture is treated as a distinct commercial commodity for sales tax purposes and not as a second or subsequent sale of the original declared goods, so it is not exempt on that basis. However, where the scrap answers the description of iron or steel scrap in the Second Schedule, the special single-point levy applies and the general multi-point charge does not. The turnover was therefore required to be assessed as the first sale of scrap at the scheduled rate under item 4(a) or 4(c), rather than under the general charging provision. Case-Laws VAT and Sales Tax Thu, 18 Jun 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153149