https://www.taxtmi.com/caselaws?id=333795 Ship-breaking was treated as manufacture under the Gujarat Value Added Tax Act because the process converts a vessel into commercially distinct goods. On that basis, LPG and oxygen used in cutting and dismantling were held to be integral processing materials and consumable stores within the inclusive concept of raw material. Since the assessee was engaged in a manufacturing activity and the inputs were used in that process, tax credit was admissible. The reasoning was reinforced by the statutory scheme and the accepted treatment of ship-breaking as manufacture in the relevant legal context. en-us Thu, 20 Oct 2016 00:00:00 +0530 Tue, 20 Mar 2018 18:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333795 Ship-breaking was treated as manufacture under the Gujarat Value Added Tax Act because the process converts a vessel into commercially distinct goods. On that basis, LPG and oxygen used in cutting and dismantling were held to be integral processing materials and consumable stores within the inclusive concept of raw material. Since the assessee was engaged in a manufacturing activity and the inputs were used in that process, tax credit was admissible. The reasoning was reinforced by the statutory scheme and the accepted treatment of ship-breaking as manufacture in the relevant legal context. Case-Laws VAT and Sales Tax Thu, 20 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333795