A single judge bench of Madras High Court recently held that “Velcro fastener” falls under Chapter 58.06 of the Tamil Nadu Additional Duties of Excise Act.
The instant writ petition has been filed challenging the order of assessment under the provisions of the Tamil Nadu General Sales Tax Act, 1956 for the assessment year 2005-06.
The sole issue in the petition was under which entry “hook and loop tape fasteners” or “Velcro fastener” would fall.
While relying on the decision of in the case of Sky Industries Limited and others v. Commissioner of Commercial Taxes, Justice T.S.Sivagnanam held that “hook and loop tape fasteners” otherwise called “Velcro fastener” fell under Chapter 58.06 of the Tamil Nadu Additional Duties of Excise Act, 1957 read with Section 8, Schedule 3, Clause 8(iv) of the TNGST Act.
