https://www.taxtmi.com/caselaws?id=154372 Silver coins made from the assessee's own silver and produced to the purchaser's specifications were treated as finished goods sold, not as a works contract, so turnover was exigible to sales tax. The absence of profit motive did not take the transaction outside the charging provision because the existence of a sale was the decisive factor. The coins were also held not to qualify as specie for the lower rate, since they were manufactured products and not specie merely because they were made from silver. The Tribunal's findings were affirmed and the tax cases dismissed. en-us Mon, 24 Jan 1983 00:00:00 +0530 Mon, 19 Aug 2013 12:51:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=154372 Silver coins made from the assessee's own silver and produced to the purchaser's specifications were treated as finished goods sold, not as a works contract, so turnover was exigible to sales tax. The absence of profit motive did not take the transaction outside the charging provision because the existence of a sale was the decisive factor. The coins were also held not to qualify as specie for the lower rate, since they were manufactured products and not specie merely because they were made from silver. The Tribunal's findings were affirmed and the tax cases dismissed. Case-Laws VAT and Sales Tax Mon, 24 Jan 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=154372