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2014 (4) TMI 1 - HC - VAT and Sales TaxImposition of entry tax - Importation of natural gas - identification of "value of goods" under Entry of Goods into Local Areas Act, 2007 – Held that:- Judgment in State of Karnataka Vs. Hansa Corporation [ 1980 (9) TMI 273 - SUPREME COURT ] followed - The dealer has some specific price of the scheduled goods which are being brought within the local area at the time of entry in the local area and the entry being the taxing event that would be the price which alone can be taken into account for computing the tax ad valorem - The expenses incurred by assessee after transporting the goods inside the local area where it has to be consumed, used or sold, would not be a part of "value of goods" for the purpose of tax liability under Act, but it shall confine upto the stage where the goods are brought inside the local area – ‘Sale price' of the goods by importer, inside the local area, cannot be identified as "value of goods" under Act - The price on which the goods are sold by assessee to its ultimate consumers inside local area cannot be taken as "value of goods" for the purpose of taxability under Act, 2007 – Judgment of Tribunal set aside - Matter remanded back to Tribunal for passing of fresh order - Decided in favour of assessee.
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