Exemption to penultimate sale under section 5(3) of the CST Act, 1956 – Decision of the Constitutional Bench of the SC

Order of the Supreme Court in State of Karnataka Vs Azad Coach Builders Pvt. Ltd. & Anr (Civil Appeal Nos. 5616-  5617 of 2000 with Civil Appeal Nos. 6594- 6598 of 2000] M/s Azad Coach Builders Pvt. Ltd. (hereinafter referred to as “the Assessee”) has received an order to build bus bodies, by an Indian exporter (Tata Engineering Locomotive Co. Ltd.) in accordance with an export order placed on the Indian exporter by and specifications provided by the foreign buyer (Lanka Ashok Layland Ltd., Colombo). The Assessee manufactured the bus bodies, in accordance with the specifications stipu...