Case Law Details
Gangotri Iron and Steel Co. Ltd. Vs The State of Bihar (Patna High Court)
Facts-
The petitioner is engaged in the business of manufacturing M. S. Billets TMT Steel Bars and Industrial Oxygen Gas. The petitioner stated that the respondent (State of Bihar) had announced Industrial Incentive Policy 2006. The petitioner stated that policy provides for reimbursement of VAT and entry tax to the new MSME/ large industries.
The petitioner argued that the amount deposited by way of entry tax, forms an integral part of the amount of Admitted VAT. Further, clause 2(vi) of the Industrial Incentive Policy specifically provides for reimbursement of amount of Admitted VAT, which by way of definition includes the amount of entry tax as well.
Conclusion-
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