https://www.taxtmi.com/caselaws?id=167884 The expression "relevant industry" in the 6 May 1986 exemption notification under section 8(5) of the Central Sales Tax Act was construed in its common parlance sense as the industry manufacturing the same goods as the assessee. Applying that interpretation, the comparison for computing the average percentage had to be made only with white cement manufacturers, not with portland or grey cement manufacturers. As the Division Bench view in the assessee's own case had already been affirmed by the Supreme Court, the authorities were bound to follow it, and the assessee was entitled to partial exemption under the notification. en-us Thu, 03 Nov 2011 00:00:00 +0530 Thu, 01 Jan 2015 22:09:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167884 The expression "relevant industry" in the 6 May 1986 exemption notification under section 8(5) of the Central Sales Tax Act was construed in its common parlance sense as the industry manufacturing the same goods as the assessee. Applying that interpretation, the comparison for computing the average percentage had to be made only with white cement manufacturers, not with portland or grey cement manufacturers. As the Division Bench view in the assessee's own case had already been affirmed by the Supreme Court, the authorities were bound to follow it, and the assessee was entitled to partial exemption under the notification. Case-Laws VAT and Sales Tax Thu, 03 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167884