Summary
- The Kerala High Court has ruled in favor of MRF Limited, granting sales tax exemption for "compound rubber" under S.R.O. No.1729/1993.
- The court found that compound rubber qualifies as a finished product, countering the State's claim that it was merely a processed item excluded from exemption.
- This decision references a previous ruling where expert evidence established that compound rubber is not just a result of mixing but a distinct finished product.
- The ruling mandates the competent authority to issue necessary orders within two months, potentially impacting similar claims by other manufacturers.
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