https://www.taxtmi.com/caselaws?id=358540 Purchase turnover of raw materials acquired against Form XVII declarations and used in manufacturing goods exported out of the State was held not taxable under Section 3(4) of the Tamil Nadu General Sales Tax Act, 1959. Applying the earlier ruling in Tube Investment of India Ltd. and the settled position that export is treated as a sale for the first part of Section 3(4), the court confirmed that the concessional purchase could not be brought to levy merely because the finished goods were exported. Once the substantive tax demand failed, the consequential penalty also could not survive, and the revision was dismissed. en-us Thu, 22 Mar 2018 00:00:00 +0530 Sat, 14 Apr 2018 07:13:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358540 Purchase turnover of raw materials acquired against Form XVII declarations and used in manufacturing goods exported out of the State was held not taxable under Section 3(4) of the Tamil Nadu General Sales Tax Act, 1959. Applying the earlier ruling in Tube Investment of India Ltd. and the settled position that export is treated as a sale for the first part of Section 3(4), the court confirmed that the concessional purchase could not be brought to levy merely because the finished goods were exported. Once the substantive tax demand failed, the consequential penalty also could not survive, and the revision was dismissed. Case-Laws VAT and Sales Tax Thu, 22 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358540