High Court Rules Residual Coal in Paper Manufacturing Taxed at 4% Under UPVAT Act, Not 10% as Debated.

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....Rate of tax on burnt coal - taxable at 4% or 10% - UPVAT Act - in the process of manufacturing paper and at the end of the manufacturing operation a residue of coal is left over which is then sold - revenue failed to establish that the residual commodity had lost all its combustible properties - to be taxed at 4% - HC....