https://www.taxtmi.com/caselaws?id=154611 Cashewnut and cashew kernel are commercially distinct goods for export exemption purposes because processing raw cashewnuts produces a separately marketable commodity with a different trade identity. Consequently, the exemption under section 5(3) of the Central Sales Tax Act does not apply where cashew kernel is exported after purchase of raw cashewnuts. Reassessment is valid under section 16 of the Tamil Nadu General Sales Tax Act where turnover escaped assessment because an exemption was wrongly granted. The provision permits reopening within the prescribed period for escaped turnover for any reason and is not restricted by principles applicable under the Income-tax Act. en-us Wed, 12 Dec 1984 00:00:00 +0530 Sat, 24 Aug 2013 12:31:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=154611 Cashewnut and cashew kernel are commercially distinct goods for export exemption purposes because processing raw cashewnuts produces a separately marketable commodity with a different trade identity. Consequently, the exemption under section 5(3) of the Central Sales Tax Act does not apply where cashew kernel is exported after purchase of raw cashewnuts. Reassessment is valid under section 16 of the Tamil Nadu General Sales Tax Act where turnover escaped assessment because an exemption was wrongly granted. The provision permits reopening within the prescribed period for escaped turnover for any reason and is not restricted by principles applicable under the Income-tax Act. Case-Laws VAT and Sales Tax Wed, 12 Dec 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=154611