https://www.taxtmi.com/caselaws?id=330750 Furnace oil used in the manufacturing process was treated as processing material or consumable stores under the Gujarat Value Added Tax Act, 2003, because the governing interpretation included goods used in production and excluded only fuel for generation of electricity. The earlier statutory construction applied by the court indicated that fuel integral to manufacturing activity could not be denied credit merely by labelling it fuel. On that reasoning, the Tribunal's contrary view was inconsistent with the settled interpretation, and the assessee's entitlement to tax credit was upheld. en-us Mon, 18 Jul 2016 00:00:00 +0530 Thu, 04 Aug 2016 13:56:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330750 Furnace oil used in the manufacturing process was treated as processing material or consumable stores under the Gujarat Value Added Tax Act, 2003, because the governing interpretation included goods used in production and excluded only fuel for generation of electricity. The earlier statutory construction applied by the court indicated that fuel integral to manufacturing activity could not be denied credit merely by labelling it fuel. On that reasoning, the Tribunal's contrary view was inconsistent with the settled interpretation, and the assessee's entitlement to tax credit was upheld. Case-Laws VAT and Sales Tax Mon, 18 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330750