https://www.taxtmi.com/caselaws?id=156632 Declared goods processed into M.S. round bars did not lose their character as goods within the relevant Schedule entry where the statutory description remained the same. Reading the definitions of "manufacture" and "resale" with rule 3(xvii), the Court held that the decisive test was whether the processed goods were taken out of the description of the declared goods in the Schedule. As iron scrap, ingots and round bars continued to fall within the description of "iron and steel", the conversion was not treated as manufacture for denying the resale deduction. The sale therefore qualified as resale and the turnover deduction was allowed. en-us Tue, 19 Feb 1991 00:00:00 +0530 Mon, 23 Sep 2013 11:53:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=156632 Declared goods processed into M.S. round bars did not lose their character as goods within the relevant Schedule entry where the statutory description remained the same. Reading the definitions of "manufacture" and "resale" with rule 3(xvii), the Court held that the decisive test was whether the processed goods were taken out of the description of the declared goods in the Schedule. As iron scrap, ingots and round bars continued to fall within the description of "iron and steel", the conversion was not treated as manufacture for denying the resale deduction. The sale therefore qualified as resale and the turnover deduction was allowed. Case-Laws VAT and Sales Tax Tue, 19 Feb 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=156632