https://www.taxtmi.com/caselaws?id=159075 Renewal of an eligibility certificate under section 10F was treated as conditional, not automatic, and depended on fresh satisfaction of the prescribed requirements. Rule 48K(2) was read with the overall scheme of the Act and Rules to require separate accounts and serially numbered bills or cash memos for the dealer's full declared accounting year, not a shorter period chosen by the dealer. The serial-numbering requirement operated as a safeguard to confine the benefit to sales of the eligible unit. Earlier grant of the initial certificate did not control renewal, and each renewal had to be examined afresh for compliance during the relevant period. en-us Fri, 19 Jul 1996 00:00:00 +0530 Thu, 14 Nov 2013 18:52:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159075 Renewal of an eligibility certificate under section 10F was treated as conditional, not automatic, and depended on fresh satisfaction of the prescribed requirements. Rule 48K(2) was read with the overall scheme of the Act and Rules to require separate accounts and serially numbered bills or cash memos for the dealer's full declared accounting year, not a shorter period chosen by the dealer. The serial-numbering requirement operated as a safeguard to confine the benefit to sales of the eligible unit. Earlier grant of the initial certificate did not control renewal, and each renewal had to be examined afresh for compliance during the relevant period. Case-Laws VAT and Sales Tax Fri, 19 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159075