https://www.taxtmi.com/caselaws?id=157751 The amended explanation to section 2(xxvi), as made subject to section 8, required the deeming fiction in section 8 to govern taxability of goods sent outside Kerala on consignment and held as closing stock by agents outside the State. On that basis, such closing stock could be brought into the dealer's turnover under the amended regime. The 1988 amendment was a substantive change, not merely clarificatory, because it narrowed the earlier non obstante language and altered the tax position. It therefore operated prospectively from 19 February 1988 and did not apply to prior assessment years' closing stock. en-us Sat, 26 Jun 1993 00:00:00 +0530 Thu, 10 Oct 2013 14:18:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157751 The amended explanation to section 2(xxvi), as made subject to section 8, required the deeming fiction in section 8 to govern taxability of goods sent outside Kerala on consignment and held as closing stock by agents outside the State. On that basis, such closing stock could be brought into the dealer's turnover under the amended regime. The 1988 amendment was a substantive change, not merely clarificatory, because it narrowed the earlier non obstante language and altered the tax position. It therefore operated prospectively from 19 February 1988 and did not apply to prior assessment years' closing stock. Case-Laws VAT and Sales Tax Sat, 26 Jun 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157751