https://www.taxtmi.com/caselaws?id=241875 An expanded unit claiming exemption under Section 4-A was entitled to exemption only on production in excess of base production, and base production included quantities attributable to stock transfer and consignment transactions. The Full Bench's interpretation of the applicable notification was binding, so the contrary view in the circular dated 25.1.2003 could not govern the assessment. The assessment and allied proceedings were therefore required to be decided in accordance with the Full Bench ruling, and the impugned circular was not followed. en-us Fri, 04 Oct 2013 00:00:00 +0530 Sat, 30 Nov 2013 16:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241875 An expanded unit claiming exemption under Section 4-A was entitled to exemption only on production in excess of base production, and base production included quantities attributable to stock transfer and consignment transactions. The Full Bench's interpretation of the applicable notification was binding, so the contrary view in the circular dated 25.1.2003 could not govern the assessment. The assessment and allied proceedings were therefore required to be decided in accordance with the Full Bench ruling, and the impugned circular was not followed. Case-Laws VAT and Sales Tax Fri, 04 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241875