https://www.taxtmi.com/caselaws?id=163538 Metallic yarn made by slitting metallised polyester film into continuous ribbon-like filaments was treated as answering the commercial understanding of yarn, not the narrower category of badla. The rate entry for badla was not applied, and the product was treated as man-made yarn taxable at 1.5 per cent rather than 3 per cent. The Court also stated that no estoppel operates against an assessee on tax classification merely because of a description in the registration application, and that where two classifications are possible, the interpretation favourable to the assessee prevails when rate liability is in issue. en-us Wed, 08 Aug 2007 00:00:00 +0530 Tue, 30 Dec 2014 18:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163538 Metallic yarn made by slitting metallised polyester film into continuous ribbon-like filaments was treated as answering the commercial understanding of yarn, not the narrower category of badla. The rate entry for badla was not applied, and the product was treated as man-made yarn taxable at 1.5 per cent rather than 3 per cent. The Court also stated that no estoppel operates against an assessee on tax classification merely because of a description in the registration application, and that where two classifications are possible, the interpretation favourable to the assessee prevails when rate liability is in issue. Case-Laws VAT and Sales Tax Wed, 08 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163538