Description:
Tribunal Appeal No. 393/2010.
Appellants : M/s Rich Graviss Product (p) Limited, Bhosari, Pune.
Vs.
Respondent : The state of Andhra Pradesh.
One Supreme Court judgment was referred and applying the anology, held that though the ingredients of “whip topping: are exigible to tax at 4% by mixing these ingredients a new product came into existence and it was not referred any one of other sub clauses of entry 100 of IV schedule it will fall under the ambit of fifth schedule and hence liable to tax @ 12.5% .
Source:
Trade and Taxes. Volume no.18. Part no.6. June 2011. Page no. 282.
Our Comment:
Ap vat is leviable based on the ingreients involved in the final product.
