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2022 (7) TMI 1172 - HC - VAT and Sales TaxRequirement of petitioner’s authorized representative to make an appearance on the date stipulated - seeking direction for a refund of Rs. 2 crores which was made over as a pre-deposit for the purposes of having its objection heard by the Special Commissioner-I, Department of Trade and Taxes, GNCTD - also seeking grant of interest on the delayed release of pre-deposit i.e., Rs.2 crores - error in classification of goods - Apple Watches/transmission devices - HELD THAT:- The error concerning classification cannot be separated from the facts obtaining in the case - it is also noted that the concern that this decision would impact revenue collections in the future, has been neutralized, as watches now attract a uniform tax rate of 12.5%. Entry 11 obtaining in the Fourth Schedule at the relevant point in time, stands deleted w.e.f. 09.05.2016 - the revenue implications are confined to three quarters i.e., two quarters of Financial Year (F.Y.) 2015-2016 and the first quarter of F.Y. 2016-2017. Application disposed off.
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