https://www.taxtmi.com/caselaws?id=217512 A highly diluted AVP preparation was treated as retaining the essential character of AVP because, on the material relied upon, it remained a mixture of AVP and water with no additional component altering its identity. Applying the principle that mixtures and composite goods are classified by the component giving them their essential character, the Court held that dilution did not create a new commercial commodity. The product therefore fell within Entry 114 of Schedule II-C to the Assam Value Added Tax Act, 2003, rather than the residuary entry, and the clarification order imposing tax at the higher residuary rate was unsustainable. en-us Mon, 03 Sep 2012 00:00:00 +0530 Sat, 09 Aug 2014 10:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217512 A highly diluted AVP preparation was treated as retaining the essential character of AVP because, on the material relied upon, it remained a mixture of AVP and water with no additional component altering its identity. Applying the principle that mixtures and composite goods are classified by the component giving them their essential character, the Court held that dilution did not create a new commercial commodity. The product therefore fell within Entry 114 of Schedule II-C to the Assam Value Added Tax Act, 2003, rather than the residuary entry, and the clarification order imposing tax at the higher residuary rate was unsustainable. Case-Laws VAT and Sales Tax Mon, 03 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217512