https://www.taxtmi.com/caselaws?id=219059 Floor values for cashew nuts and kernels may be fixed under the supervisory and advance-tax powers in the Kerala Value Added Tax Act for evasion-prone commodities. The circulars are sustainable only for advance-tax collection and as valuation guidance in under-valuation proceedings, because the statutory power does not extend beyond that limited purpose. A commodity-specific floor value does not violate equality merely because comparable measures are absent for other commodities or in other States. Where expert study supports the rates and no material establishes arbitrariness, the Article 14 challenge fails. en-us Thu, 22 Mar 2012 00:00:00 +0530 Tue, 23 Sep 2014 11:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219059 Floor values for cashew nuts and kernels may be fixed under the supervisory and advance-tax powers in the Kerala Value Added Tax Act for evasion-prone commodities. The circulars are sustainable only for advance-tax collection and as valuation guidance in under-valuation proceedings, because the statutory power does not extend beyond that limited purpose. A commodity-specific floor value does not violate equality merely because comparable measures are absent for other commodities or in other States. Where expert study supports the rates and no material establishes arbitrariness, the Article 14 challenge fails. Case-Laws VAT and Sales Tax Thu, 22 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219059