https://www.taxtmi.com/caselaws?id=162310 A self-financed new industrial unit seeking sales tax exemption under the Kerala General Sales Tax Act was not required by the notification to make any minimum advance payment when placing firm orders for plant and machinery before the cut-off date. The effective-steps condition was satisfied by the existence of a firm order, and the size of the advance depended on the parties' contractual terms. A rejection based solely on the fact that the advance was only a small fraction of the machinery cost was therefore unsustainable, and the exemption claim had to be reconsidered in accordance with law. en-us Tue, 15 Jun 2004 00:00:00 +0530 Mon, 24 Feb 2014 16:09:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162310 A self-financed new industrial unit seeking sales tax exemption under the Kerala General Sales Tax Act was not required by the notification to make any minimum advance payment when placing firm orders for plant and machinery before the cut-off date. The effective-steps condition was satisfied by the existence of a firm order, and the size of the advance depended on the parties' contractual terms. A rejection based solely on the fact that the advance was only a small fraction of the machinery cost was therefore unsustainable, and the exemption claim had to be reconsidered in accordance with law. Case-Laws VAT and Sales Tax Tue, 15 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162310