2017 (1) TMI 686

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....arbon Rounds, Steel Sheets, Steel Plates, Steel Pipes, Steel Structural and Copper Flats and has effected sale to a company viz., Sri City SEZ in Andhra Pradesh. The said purchasers have used the same in the production and export of Heavy duty Transformers, Industrial Tanks, Power and Energy Sector Equipment, Tube and Pipe Mill Equipment etc., 3. The petitioner is a registered dealer on the file of the second respondent under the provisions of the Tamil Nadu Value Added Tax Act, 2006 (in short "TNVAT Act") and the Central Sales Tax Act, 1956 (in short "CST Act"). For the Assessment year 2014-15, the petitioner declared a total and taxable turnover of Rs. 1,51,71,816/- and Rs. 27,07,344/- respectively. A VAT Audit was conducted in the bus....

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....counsel for the petitioner, placed a reliance on the decision of this Court in the case of Narasus Roller Flour Mills Vs. Commercial Tax Office (Enforcement Wing), Sankagiri and another reported in (2015) 81 VST 560 (Mad). Further, it is submitted that the reversal of ITC as done by the second respondent in the impugned order is erroneous, as the second respondent has ignored Section 18(1)(ii) of TNVAT Act read with Section 8(6) of the CST Act, 1956. It is further submitted that the impugned order is a verbatim repetition of the VAT Audit report and it is an outcome of non application of mind. 6. The learned Government Advocate appearing for the respondents submitted that as against the impugned order, the petitioner has an effective rem....