https://www.taxtmi.com/caselaws?id=161766 Unserviceable steel rails sold as scrap for re-rolling were held to fall within entry 2-A of the Third Schedule as "iron and steel scrap", because scrap bears its ordinary meaning of waste material no longer serving its original purpose. Item (xvi) of entry 2 was confined to defectives, rejects, cuttings and end pieces arising from the specified manufactured items and did not extend to discarded rails sold as scrap. The Government Order on set-off did not affect the statutory classification. The assessee was therefore liable as the last purchaser, and restoration of the assessment was justified. en-us Fri, 10 Jan 2003 00:00:00 +0530 Wed, 05 Feb 2014 18:35:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161766 Unserviceable steel rails sold as scrap for re-rolling were held to fall within entry 2-A of the Third Schedule as "iron and steel scrap", because scrap bears its ordinary meaning of waste material no longer serving its original purpose. Item (xvi) of entry 2 was confined to defectives, rejects, cuttings and end pieces arising from the specified manufactured items and did not extend to discarded rails sold as scrap. The Government Order on set-off did not affect the statutory classification. The assessee was therefore liable as the last purchaser, and restoration of the assessment was justified. Case-Laws VAT and Sales Tax Fri, 10 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161766