https://www.taxtmi.com/caselaws?id=418860 An exemption entry using the unqualified expression "Hank Yarn" was held to cover hank yarn generally, not only cotton hank yarn or yarn limited by user industry. Because the wording was clear and unambiguous, it had to be applied according to its plain meaning. External aids such as a Budget speech could not be used to narrow the scope of the entry or create ambiguity where none existed. A prior decision on a different statutory context was found inapposite. The challenge to the broader interpretation was rejected, and the High Court's view was left undisturbed. en-us Wed, 12 Jan 2022 00:00:00 +0530 Fri, 25 Feb 2022 14:26:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418860 An exemption entry using the unqualified expression "Hank Yarn" was held to cover hank yarn generally, not only cotton hank yarn or yarn limited by user industry. Because the wording was clear and unambiguous, it had to be applied according to its plain meaning. External aids such as a Budget speech could not be used to narrow the scope of the entry or create ambiguity where none existed. A prior decision on a different statutory context was found inapposite. The challenge to the broader interpretation was rejected, and the High Court's view was left undisturbed. Case-Laws VAT and Sales Tax Wed, 12 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418860