https://www.taxtmi.com/caselaws?id=157054 Condensate was treated as covered by the entry for crude oil because it is a liquid hydrocarbon obtained from gas-bearing wells in its natural state and is not refined or otherwise treated before sale. The Gujarat HC held that the commercial description of the product as condensate did not change its tax character for entry 54 of Schedule II, Part A to the Gujarat Sales Tax Act, 1969. The distinction between crude oil and condensate was therefore immaterial for classification, and the residuary entry did not apply. The definition of crude oil under the Oil Industry (Development) Act, 1974 did not alter the construction of the sales tax entry. en-us Wed, 24 Feb 1993 00:00:00 +0530 Sat, 28 Sep 2013 13:34:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157054 Condensate was treated as covered by the entry for crude oil because it is a liquid hydrocarbon obtained from gas-bearing wells in its natural state and is not refined or otherwise treated before sale. The Gujarat HC held that the commercial description of the product as condensate did not change its tax character for entry 54 of Schedule II, Part A to the Gujarat Sales Tax Act, 1969. The distinction between crude oil and condensate was therefore immaterial for classification, and the residuary entry did not apply. The definition of crude oil under the Oil Industry (Development) Act, 1974 did not alter the construction of the sales tax entry. Case-Laws VAT and Sales Tax Wed, 24 Feb 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157054