https://www.taxtmi.com/caselaws?id=274229 Goods that reasonably fit a specific schedule entry cannot be shifted to the residuary entry merely because the residuary rate is higher; applying common parlance and the character of the products, Harpic and Lizol were treated as falling within the specific entries for insecticides or pesticides, not Schedule V. Dettol, viewed for its antiseptic and prophylactic character, was classified as a drug or medicine under the specific entry rather than as a residuary item. In a bona fide classification dispute with maintained records and no evidence of suppression or evasion, penalty was not leviable under Section 61, and its deletion was upheld. en-us Fri, 07 Apr 2017 00:00:00 +0530 Wed, 16 Jan 2019 16:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274229 Goods that reasonably fit a specific schedule entry cannot be shifted to the residuary entry merely because the residuary rate is higher; applying common parlance and the character of the products, Harpic and Lizol were treated as falling within the specific entries for insecticides or pesticides, not Schedule V. Dettol, viewed for its antiseptic and prophylactic character, was classified as a drug or medicine under the specific entry rather than as a residuary item. In a bona fide classification dispute with maintained records and no evidence of suppression or evasion, penalty was not leviable under Section 61, and its deletion was upheld. Case-Laws VAT and Sales Tax Fri, 07 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274229