https://www.taxtmi.com/caselaws?id=47980 Refund under a sales tax exemption linked to the first point of sale was confined to the tax actually collected at that point and proved to have been borne on the raw materials used by the claimant. A buyer could not base the refund on the price paid to later sellers; the assessee had to establish the exact first-point tax paid and compliance with the prescribed refund procedure. Interest was not available on an unascertained refund claim because the refundable amount had not yet been legally determined. The matter required fresh verification of the refund amount on proper proof, with no present entitlement to interest. en-us Thu, 08 Mar 2007 00:00:00 +0530 Mon, 09 Jun 2014 11:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47980 Refund under a sales tax exemption linked to the first point of sale was confined to the tax actually collected at that point and proved to have been borne on the raw materials used by the claimant. A buyer could not base the refund on the price paid to later sellers; the assessee had to establish the exact first-point tax paid and compliance with the prescribed refund procedure. Interest was not available on an unascertained refund claim because the refundable amount had not yet been legally determined. The matter required fresh verification of the refund amount on proper proof, with no present entitlement to interest. Case-Laws VAT and Sales Tax Thu, 08 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47980