https://www.taxtmi.com/caselaws?id=164604 Section 13AA of the Bombay Sales Tax Act, 1959 was treated as constitutionally valid in light of the later Supreme Court ruling sustaining the substituted provision, so the challenge to its validity failed. Special Import Licences were held to be transferable import licences with intrinsic market value and therefore goods falling within the relevant statutory entry, making purchase tax leviable when they were bought and used for imports and not resold. As the substantive tax liability was upheld, the accompanying penalty and interest were also sustained. The writ petitions consequently failed and the tax demand, with ancillary levies, stood confirmed. en-us Fri, 11 Sep 2009 00:00:00 +0530 Sat, 01 Nov 2014 12:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164604 Section 13AA of the Bombay Sales Tax Act, 1959 was treated as constitutionally valid in light of the later Supreme Court ruling sustaining the substituted provision, so the challenge to its validity failed. Special Import Licences were held to be transferable import licences with intrinsic market value and therefore goods falling within the relevant statutory entry, making purchase tax leviable when they were bought and used for imports and not resold. As the substantive tax liability was upheld, the accompanying penalty and interest were also sustained. The writ petitions consequently failed and the tax demand, with ancillary levies, stood confirmed. Case-Laws VAT and Sales Tax Fri, 11 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164604