https://www.taxtmi.com/caselaws?id=155427 Purchase of scrap iron on a declaration in Form No. XXXIV for resale, followed by its use as raw material to manufacture M.S. rods, M.S. bars and M.S. plates sold as iron and steel, did not breach the declaration under the Orissa Sales Tax Act. The Court applied its earlier ruling and treated the finished products as covered by entry 46 of the exemption notification for iron and steel. As the declaration was not violated, the second proviso to section 5(2)(A)(a)(ii) could not be used to add the value of the scrap iron to taxable turnover, and the assessment addition was held unsustainable. en-us Fri, 11 Sep 1987 00:00:00 +0530 Wed, 04 Sep 2013 14:02:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155427 Purchase of scrap iron on a declaration in Form No. XXXIV for resale, followed by its use as raw material to manufacture M.S. rods, M.S. bars and M.S. plates sold as iron and steel, did not breach the declaration under the Orissa Sales Tax Act. The Court applied its earlier ruling and treated the finished products as covered by entry 46 of the exemption notification for iron and steel. As the declaration was not violated, the second proviso to section 5(2)(A)(a)(ii) could not be used to add the value of the scrap iron to taxable turnover, and the assessment addition was held unsustainable. Case-Laws VAT and Sales Tax Fri, 11 Sep 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155427