https://www.taxtmi.com/caselaws?id=161357 Compensation received by a refinery from the oil pool account was held not to form part of the sale price for petroleum products. The refinery sold at ex-refinery prices fixed by the Oil Co-ordination Committee and had no control over that pricing structure. The pool mechanism merely adjusted shortfalls between ex-refinery price and retention price, and also absorbed surpluses, so the receipt was a compensatory payment linked to price stabilisation rather than consideration paid by buyers. It was therefore not exigible to sales tax. en-us Fri, 17 Jan 2003 00:00:00 +0530 Thu, 16 Jan 2014 14:33:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161357 Compensation received by a refinery from the oil pool account was held not to form part of the sale price for petroleum products. The refinery sold at ex-refinery prices fixed by the Oil Co-ordination Committee and had no control over that pricing structure. The pool mechanism merely adjusted shortfalls between ex-refinery price and retention price, and also absorbed surpluses, so the receipt was a compensatory payment linked to price stabilisation rather than consideration paid by buyers. It was therefore not exigible to sales tax. Case-Laws VAT and Sales Tax Fri, 17 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161357