Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: form 3cd :: due date for vat payment :: articles on VAT and GST in India :: cpt :: TDS :: ACCOUNTING STANDARD :: empanelment :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4%
 
 
« News Headlines »
 All about income tax return form Sahaj
 Why seeing Form 26AS is a must before filing tax return and how to access it
 No tax on notice period pay cut
 Interpretation Of Central Goods And Services Tax (Cgst) Act (Part-1)
 What to do if you haven’t filed your taxes
 Income Tax Declaration To Employer: 10 Changes You Should Be Aware Of
 What your income tax says about you
 Self e-filing of income tax returns
 Why do we get 3 extra days to file income tax returns in 2017?
 Income Tax department launches 'Operation Clean Money'-II
 Here’s how to e-file your income tax return

Processed betel nut not liable to tax: SC
March, 22nd 2007

The Supreme Court has ruled that companies involved in the business and marketing of processed betel nuts are not liable to tax as its crushing and sweetening does not result in a distinct product.

A Bench comprising Justice A R Lakshmanan and Justice Altamas Kabir said the process involved in the manufacture of sweetened betel nut pieces does not result in the manufacture of the new product as the end product continued to retain its original character albeit in a modified form.

While quashing the order of Andhra Pradesh High Court and the Customs, Excise and Service Tax Appellate Tribunal, the apex court said the process employed by companies did not change the nature of the end product as 'betel nut remains a betel nut.'

The ruling came on an appeal filed by Crane Betel Nut Powder Works which sought exemption from paying tax on the ground that the business of marketing betel nuts in different sizes after adding oils, menthol and sweetening agent did not involve any manufacturing activity.

Company's counsel Soli J Sorabjee had contended crushing of betel nuts into smaller pieces with the help of machines and passing them through sieves to obtain goods of different sizes and sweetening of pieces did not amount to manufacture.

Mere crushing of betel nuts did not bring into existence a different commodity which had a distinct character of its own, he had said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Outsourcing Company Offshore Software Outsourcing Software Outsourcing Company India Offshore Outsourcing Company India Software BPO Software Business Process Outsourcing Software Outsourcing India Offsho

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions