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1970 (4) TMI 129 - SC - VAT and Sales TaxWhether the respondents were entitled to claim the concessional rate under section 3(3) of the Madras General Sales Tax Act, 1959? Held that:- Appeal dismissed. If the component is capable of identification by a chemical or other test as a component of a finished product falling within the Schedule, it would be an identifiable constituent within the meaning of section 3(3), Explanation, and the sale of the component would qualify for the concessional rate of tax. The High Court was, in our judgment, right in holding that the respondents were liable to tax only under section 3(3) and not under section 3(1) of the Act.
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