https://www.taxtmi.com/caselaws?id=417548 A fiscal exemption under the original purchase tax notification was available only where the eligible unit itself used the purchased goods as raw materials, processing materials or consumable stores in its own industrial activity, and strict compliance with every condition was required. The assessee diverted exempted Naphtha and Natural Gas to another entity for electricity generation, so the declaration in Form No. 26 was breached and the exemption could not be sustained. Later amendments were treated as clarificatory and did not remove the core actual-use requirement. Promissory estoppel could not override the taxing notification, and penalty followed from the misuse of the exemption. en-us Fri, 21 Jan 2022 00:00:00 +0530 Sat, 01 Nov 2025 11:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417548 A fiscal exemption under the original purchase tax notification was available only where the eligible unit itself used the purchased goods as raw materials, processing materials or consumable stores in its own industrial activity, and strict compliance with every condition was required. The assessee diverted exempted Naphtha and Natural Gas to another entity for electricity generation, so the declaration in Form No. 26 was breached and the exemption could not be sustained. Later amendments were treated as clarificatory and did not remove the core actual-use requirement. Promissory estoppel could not override the taxing notification, and penalty followed from the misuse of the exemption. Case-Laws VAT / Sales Tax Fri, 21 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417548