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2015 (4) TMI 317 - MADRAS HIGH COURTValuation of goods - assessee had purchased raw materials against Form XVII declarations and used the same in the manufacture of chemicals and made export sales in addition to domestic sales - Assessing Officer arrived at the proportionate value of purchases made against Form XVII which were used in the manufacture of chemicals exported and assessed the same at 1% under Section 3(4) of the Tamil Nadu General Sales Tax Act, 1959 - Held that:- Following decision of Tube Investments of India Ltd. (Formerly known as M/s. TI Diamond Chain Ltd.) Versus The State of Tamil Nadu, represented by the Commercial Tax Officer [2010 (10) TMI 938 - MADRAS HIGH COURT] and The State of Tamil Nadu rep. By Joint Commissioner (CT) Versus Sri Ranganathar Valves (P) Ltd. [2015 (3) TMI 747 - MADRAS HIGH COURT] - no tax can be collected without the authority of law. - Decided against Revenue.
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