https://www.taxtmi.com/caselaws?id=163142 An expanded industrial unit governed by Notification No. 640 dated 21.2.1997 is treated as eligible for exemption on turnover representing production above the base production level, and base production includes stock transfer and consignment transactions. The larger Bench ruling displaced the earlier contrary view, making review maintainable and requiring recall of the prior order. On that footing, notices issued on the basis of the overruled interpretation and circular directions could not be sustained, and fresh proceedings had to conform to the larger Bench ruling. en-us Thu, 29 Sep 2011 00:00:00 +0530 Fri, 12 Sep 2014 19:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163142 An expanded industrial unit governed by Notification No. 640 dated 21.2.1997 is treated as eligible for exemption on turnover representing production above the base production level, and base production includes stock transfer and consignment transactions. The larger Bench ruling displaced the earlier contrary view, making review maintainable and requiring recall of the prior order. On that footing, notices issued on the basis of the overruled interpretation and circular directions could not be sustained, and fresh proceedings had to conform to the larger Bench ruling. Case-Laws VAT and Sales Tax Thu, 29 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163142