Oxygen not a ‘Raw-Material’ for Manufacture of Steel, not Eligible for Concessional Sales Tax Rate: Supreme Court [Read Order]

Oxygen - Not - a - Raw - Material - for - Manufacture - of - Steel - Not - Eligible - for - Concessional - Sales - Tax - Rate - Supreme - Court -TAXSCAN

In a ruling against the manufacturers of Tata Steel, the Supreme Court has held that oxygen cannot be treated as a “raw material” for the manufacturing of the product steel, and therefore, not eligible for a concessional tax rate of 2% sales tax under Section 13(1)(b) of the Bihar Finance Act, 1981. Respondent, Linde India…

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