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1996 (4) TMI 427 - SC - Service TaxWhether cycle rims are declared goods or not? Held that:- Appeal allowed. Applying the test of common parlance, a rim which is admittedly round and an essential part of the wheel of the cycle would come within the said entry (xiv) and being declared goods the same cannot be taxed at the rate in excess of 4 per cent. The view taken by the single Judge of the Allahabad High Court in the judgment under appeal gives a very narrow meaning to the said entry and cannot be upheld. Thus the judgment of the High Court is set aside and it is held that the appellant is only entitled to be taxed at 4 per cent on the sale price of the cycle rims.
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