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2009 (10) TMI 845 - ALLAHABAD HIGH COURTSariya manufacture - Whether only two per cent tax will have to be charged from the assessee ? Held that:- In the instant cases, the revisionist has purchased raw material from the units which were enjoying the tax exemption under section 4A of the Act. Thus, the revisionist has paid "nil" tax on the raw material. To bring at par as per the notification dated May 21, 1994, the A. O. has rightly levied the tax at four per cent on the finished goods manufactured by the revisionist. Ultimately, the Government will have to charge four per cent tax on the iron and steel rods (sariya) manufactured by the revisionist-assessee. Appeal dismissed.
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