https://www.taxtmi.com/caselaws?id=211725 Products manufactured from industrial materials were held to lose their original commercial identity where processing changed composition, use and character, so they could not be classified as the original industrial inputs under the Third Schedule and instead fell under the residuary entry attracting the higher rate of tax. Penalty under the Kerala Value Added Tax Act was not sustainable because the authorities found no wilful suppression of turnover or mala fide intent to evade tax. The classification issue therefore favoured the Revenue, while the penalty issue favoured the assessee. en-us Tue, 12 Apr 2011 00:00:00 +0530 Mon, 06 Oct 2014 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211725 Products manufactured from industrial materials were held to lose their original commercial identity where processing changed composition, use and character, so they could not be classified as the original industrial inputs under the Third Schedule and instead fell under the residuary entry attracting the higher rate of tax. Penalty under the Kerala Value Added Tax Act was not sustainable because the authorities found no wilful suppression of turnover or mala fide intent to evade tax. The classification issue therefore favoured the Revenue, while the penalty issue favoured the assessee. Case-Laws VAT and Sales Tax Tue, 12 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211725