https://www.taxtmi.com/caselaws?id=160503 Ingot moulds imported inter-State and used in steel manufacture were treated as raw materials falling within the exemption in S.R.O. No. 263 of 1998. The Kerala High Court read the notification according to its plain wording and rejected the Revenue's contention that the exemption failed because the moulds were first used as receptacles and later melted, or because immediate consumption was required. As the manufactured products were liable to tax under the relevant sales tax laws and the stated conditions were satisfied, the entry tax demand and consequential penalty proceedings under the Kerala Tax on Entry of Goods into Local Areas Act, 1994 were held to be without authority of law. en-us Thu, 05 Apr 2001 00:00:00 +0530 Thu, 19 Dec 2013 18:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160503 Ingot moulds imported inter-State and used in steel manufacture were treated as raw materials falling within the exemption in S.R.O. No. 263 of 1998. The Kerala High Court read the notification according to its plain wording and rejected the Revenue's contention that the exemption failed because the moulds were first used as receptacles and later melted, or because immediate consumption was required. As the manufactured products were liable to tax under the relevant sales tax laws and the stated conditions were satisfied, the entry tax demand and consequential penalty proceedings under the Kerala Tax on Entry of Goods into Local Areas Act, 1994 were held to be without authority of law. Case-Laws VAT and Sales Tax Thu, 05 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160503