https://www.taxtmi.com/caselaws?id=158629 Customer-supplied components retained in the customers' ownership until incorporation into the finished goods could not be included in the assessee's taxable turnover for sales tax merely because excise duty valuation took the finished product's full value into account. Sales tax is charged on the transfer of property in goods and the sale price, whereas excise duty is levied on manufacture; the distinct bases of levy required exclusion of the supplied materials from turnover. The deletion of their value from the sales tax assessment was therefore upheld in favour of the assessee. en-us Thu, 25 Jun 2009 00:00:00 +0530 Tue, 22 Apr 2014 10:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158629 Customer-supplied components retained in the customers' ownership until incorporation into the finished goods could not be included in the assessee's taxable turnover for sales tax merely because excise duty valuation took the finished product's full value into account. Sales tax is charged on the transfer of property in goods and the sale price, whereas excise duty is levied on manufacture; the distinct bases of levy required exclusion of the supplied materials from turnover. The deletion of their value from the sales tax assessment was therefore upheld in favour of the assessee. Case-Laws VAT and Sales Tax Thu, 25 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158629