https://www.taxtmi.com/caselaws?id=751774 The Uttarakhand HC dismissed a revision petition regarding classification of Polymer Nylon Chips under Entry 83 Schedule-II(B) of the Uttarakhand Value Added Tax Act. The court held that reassessment under Section 29(4) was within the six-year limitation period as the order was passed on 27.03.2017 for Assessment Year 2011-12. Regarding classification, the court ruled that Nylon Chips qualify as Plastic Granules under Entry 83, noting that expert opinions from British Plastics Federation and CIPET confirmed Nylon belongs to the plastics group as Polyamide, with no substantial character change during manufacturing from raw plastic materials. en-us Mon, 08 Apr 2024 00:00:00 +0530 Thu, 25 Apr 2024 06:34:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751774 The Uttarakhand HC dismissed a revision petition regarding classification of Polymer Nylon Chips under Entry 83 Schedule-II(B) of the Uttarakhand Value Added Tax Act. The court held that reassessment under Section 29(4) was within the six-year limitation period as the order was passed on 27.03.2017 for Assessment Year 2011-12. Regarding classification, the court ruled that Nylon Chips qualify as Plastic Granules under Entry 83, noting that expert opinions from British Plastics Federation and CIPET confirmed Nylon belongs to the plastics group as Polyamide, with no substantial character change during manufacturing from raw plastic materials. Case-Laws VAT and Sales Tax Mon, 08 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751774