https://www.taxtmi.com/caselaws?id=472290 TNVAT's inclusive definition of manufacture covers the production, extraction and processing involved in lignite mining, including removal of overburden, excavation, conveyance and stacking. Capital goods used to produce lignite for taxable sale qualify for input tax credit. Credit is, however, restricted to the proportion attributable to taxable lignite sales and is unavailable where lignite is used to generate exempt electricity. A pre-existing clarification allowing concessional treatment for relevant mining operations continues under the savings provision where it is not inconsistent with TNVAT provisions. en-us Thu, 19 Sep 2024 00:00:00 +0530 Wed, 07 Oct 2026 11:11:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472290 TNVAT's inclusive definition of manufacture covers the production, extraction and processing involved in lignite mining, including removal of overburden, excavation, conveyance and stacking. Capital goods used to produce lignite for taxable sale qualify for input tax credit. Credit is, however, restricted to the proportion attributable to taxable lignite sales and is unavailable where lignite is used to generate exempt electricity. A pre-existing clarification allowing concessional treatment for relevant mining operations continues under the savings provision where it is not inconsistent with TNVAT provisions. Case-Laws VAT / Sales Tax Thu, 19 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472290