Car Audio Systems Assembled in India Are Domestic Goods, Eligible for Lower VAT Rate: Madras HC

Nippon Audiotronix Ltd. Vs State of Tamil Nadu (Madras High Court) The Madras High Court examined a challenge to an order of the Sales Tax Appellate Tribunal dated 28.08.2012, which had dismissed the assessee’s appeal for the assessment year 2003–04. The assessee, a registered manufacturer of excisable goods producing sound systems, had offered turnover from sales of car audio systems to tax at 12.5% under Entry 14(vi) of Part D of the First Schedule to the Tamil Nadu General Sales Tax Act, 1959. The returns were initially accepted, but a revision notice was later issued proposing tax at 2...