https://www.taxtmi.com/caselaws?id=165005 Sales to 100 per cent export oriented units were held not to qualify for exemption under the Karnataka Value Added Tax Act, 2003 because the earlier exemption under the Karnataka Sales Tax Act was not carried forward into the new regime. The dealer remained bound to collect and remit tax from 1 April 2005, and any refund available to the buyer did not remove that statutory obligation. The penalty under sections 72(2) and 72(3) was not sustained because an earlier remand order had required the penalty notice to be treated as a proposition notice and fresh objections to be considered, which the Tribunal failed to follow. The exemption denial was upheld, while the penalty matter was remitted for fresh disposal. en-us Fri, 13 Aug 2010 00:00:00 +0530 Sun, 28 Sep 2014 12:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165005 Sales to 100 per cent export oriented units were held not to qualify for exemption under the Karnataka Value Added Tax Act, 2003 because the earlier exemption under the Karnataka Sales Tax Act was not carried forward into the new regime. The dealer remained bound to collect and remit tax from 1 April 2005, and any refund available to the buyer did not remove that statutory obligation. The penalty under sections 72(2) and 72(3) was not sustained because an earlier remand order had required the penalty notice to be treated as a proposition notice and fresh objections to be considered, which the Tribunal failed to follow. The exemption denial was upheld, while the penalty matter was remitted for fresh disposal. Case-Laws VAT and Sales Tax Fri, 13 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165005