https://www.taxtmi.com/caselaws?id=279419 Absorbent cotton wool I.P., commercially known as surgical cotton, was treated as a processed commodity with a distinct commercial identity rather than as plain cotton in its ordinary sense. Because it had undergone cleaning, purification, bleaching and similar treatment, and was recognised in trade as a pharmaceutical preparation, it was classified under Item 56 of the 27.6.1990 notification instead of Item 16. The residuary entry was also rejected because the product answered the specific description of a pharmaceutical preparation. The applicable tax rate was therefore 6%, not 4% or the general rate. en-us Fri, 10 Dec 1993 00:00:00 +0530 Sat, 16 Mar 2019 13:20:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279419 Absorbent cotton wool I.P., commercially known as surgical cotton, was treated as a processed commodity with a distinct commercial identity rather than as plain cotton in its ordinary sense. Because it had undergone cleaning, purification, bleaching and similar treatment, and was recognised in trade as a pharmaceutical preparation, it was classified under Item 56 of the 27.6.1990 notification instead of Item 16. The residuary entry was also rejected because the product answered the specific description of a pharmaceutical preparation. The applicable tax rate was therefore 6%, not 4% or the general rate. Case-Laws VAT and Sales Tax Fri, 10 Dec 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279419