https://www.taxtmi.com/caselaws?id=165030 Imported survey and measuring machines qualify as plant when, although undefined in the VAT Act, they function as durable tools of trade in purchasers' business operations. Applying a functional-use test and settled tax-law principles, exclusion from specific machinery entries does not by itself prevent classification as plant. The machines therefore fall under the concessional Schedule C entry rather than the general-rate schedule, resulting in a lower tax rate and corresponding modification of penalty. The seizure remains unaffected. en-us Thu, 25 Nov 2010 00:00:00 +0530 Wed, 07 May 2014 17:49:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165030 Imported survey and measuring machines qualify as plant when, although undefined in the VAT Act, they function as durable tools of trade in purchasers' business operations. Applying a functional-use test and settled tax-law principles, exclusion from specific machinery entries does not by itself prevent classification as plant. The machines therefore fall under the concessional Schedule C entry rather than the general-rate schedule, resulting in a lower tax rate and corresponding modification of penalty. The seizure remains unaffected. Case-Laws VAT and Sales Tax Thu, 25 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165030