https://www.taxtmi.com/caselaws?id=769475 HP HC ruled that respondent's industrial unit, despite being in the negative list, was not entitled to concessional central sales tax rate of 1.5% under notification dated 01.04.2013. The court distinguished the Lloyd Electric case, emphasizing that judicial observations must be read in context and not as statutory provisions. The notification clearly excluded negative list units from concessional rates effective 01.04.2013. Assessment imposing CST at 2% with interest and penalty was upheld as valid. Appeal allowed. en-us Tue, 22 Apr 2025 00:00:00 +0530 Sat, 26 Apr 2025 08:30:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769475 HP HC ruled that respondent's industrial unit, despite being in the negative list, was not entitled to concessional central sales tax rate of 1.5% under notification dated 01.04.2013. The court distinguished the Lloyd Electric case, emphasizing that judicial observations must be read in context and not as statutory provisions. The notification clearly excluded negative list units from concessional rates effective 01.04.2013. Assessment imposing CST at 2% with interest and penalty was upheld as valid. Appeal allowed. Case-Laws VAT / Sales Tax Tue, 22 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769475