1998 (8) TMI 581

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....ng purchased by the petitioner is taxable as machinery falling under item of entry 81 of the First Schedule or whether the same could be dealt with under item 116 so far as leather products are concerned and item 126 so far as rubber products are concerned. Both the assessing authority and the appellate authority held that the leather belting should be taxed under item 116 and the rubber belting s....

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.... the textile machinery, we are of the opinion, that these leather belts and rubber belts are nothing but machinery parts which fall under item 81 of the First Schedule. This cannot be treated as rubber goods or leather goods as shown elsewhere in the First Schedule. Therefore, we hold that the leather and rubber belts fall under item 81 of the First Schedule taxable at 6 per cent." 2.. We have ex....