https://www.taxtmi.com/caselaws?id=159334 Commercial parlance governs whether compounded rubber is a "finished rubber product" for concessional purchase tax, and marketability plus distinct trade identity support that classification; accordingly, the concession under S.R.O. No. 641 of 1981 applies for the relevant period. A later notification that excludes compounded rubber changes the earlier position rather than merely clarifying it, so it operates prospectively from the date expressly stated and does not withdraw the concession retrospectively. Goods such as empty drums, old newspapers and gunny bags sold in bulk as condemned items are treated as scrap, making the turnover taxable at the scrap rate. en-us Thu, 18 Dec 1997 00:00:00 +0530 Wed, 20 Nov 2013 18:04:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159334 Commercial parlance governs whether compounded rubber is a "finished rubber product" for concessional purchase tax, and marketability plus distinct trade identity support that classification; accordingly, the concession under S.R.O. No. 641 of 1981 applies for the relevant period. A later notification that excludes compounded rubber changes the earlier position rather than merely clarifying it, so it operates prospectively from the date expressly stated and does not withdraw the concession retrospectively. Goods such as empty drums, old newspapers and gunny bags sold in bulk as condemned items are treated as scrap, making the turnover taxable at the scrap rate. Case-Laws VAT and Sales Tax Thu, 18 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159334