TMI Blog1992 (2) TMI 338X X X X Extracts X X X X X X X X Extracts X X X X ..... escribed as "purchaser"). The purchaser claiming that it was entitled to exemption on purchase of raw materials for a period of five years from the date of certification of its unit by the Director of Industries, Orissa or the Project Manager of the concerned District Industries Centre furnished declarations in form 1-A in respect of the purchases made. Originally, the Sales Tax Officer accepted the declarations issued by the purchasing dealer to be in order, and completed assessment for the assessment years in question. Subsequently, purporting to act on the basis of the audit report submitted by the Accountant-general, Orissa, he reopened the assessment under section 12(8) of the Act. The claim of exemption in respect of sales to opposite ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... chase or sale ofThe exemption shall be allowed (a) raw materials that is to to for a period of five years from say, goods which directly go the date of certification of the into the composition of the unit by the Director of Indus finished products. tries, Orissa or General (b) machinery and spare parts Manager (or Project Manager) thereof actually required of the concerned District for starting and maintainIndustries Centre irrespective ing the unit. of the change in the ownership, if any, provided that the dealer (c) packing materials required or his authorised agent furfor packing the finished nishes a declaration in form I-A products in the same form appended below." as manufactured by the unit. ----------------------------------- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ucted from the gross turnover of a selling dealer for the purpose of computation of taxable turnover. In other words, a selling dealer who produces evidence to show that it has sold goods covered by notification issued under section 6 and the conditions and exceptions are complied with, is entitled to a deduction while its taxable turnover is computed. The selling dealer in order to be entitled to the deduction has to produce at the time of assessment the declaration form I-A which it has obtained from the purchasing dealer. In the instant case, there is no dispute that the purchasing dealer had issued form I-A to the petitioner. It is also not disputed that the certification of the unit is in terms of the requirement of entry 26-A of the l ..... X X X X Extracts X X X X X X X X Extracts X X X X
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