https://www.taxtmi.com/caselaws?id=372393 Concessional VAT treatment under Entry C-56 was confined to goods specifically described in the notification, so multi-functional printers falling under the unnotified "others" category in tariff heading 8471.60.29 could not qualify by reference to general tariff headings or functional use. Refundable security deposits in leasing transactions were treated as part of the taxable value where they formed part of the transaction structure and could be adjusted or forfeited under Explanation III to section 2(25). The notification was therefore read strictly, and the deposit was includible in sale price for tax purposes. en-us Thu, 20 Dec 2018 00:00:00 +0530 Wed, 10 Apr 2019 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372393 Concessional VAT treatment under Entry C-56 was confined to goods specifically described in the notification, so multi-functional printers falling under the unnotified "others" category in tariff heading 8471.60.29 could not qualify by reference to general tariff headings or functional use. Refundable security deposits in leasing transactions were treated as part of the taxable value where they formed part of the transaction structure and could be adjusted or forfeited under Explanation III to section 2(25). The notification was therefore read strictly, and the deposit was includible in sale price for tax purposes. Case-Laws VAT and Sales Tax Thu, 20 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372393