Ici India Ltd. & Anr vs State Of Orissa & Ors

The Supreme Court upheld the decision of the Orissa High Court, affirming the Sales Tax Authorities' assessment that the appellants contravened the declaration in Form IV under the Orissa Sales Tax Act, 1947. The Court clarified that the concessional tax rate of 4% was not applicable as the 'Bulk Premix' manufactured was not sold as a finished product but used as an intermediary for producing 'Bulk Explosive'. The Court emphasized that the nature of the product and its end use are critical in determining tax applicability under the Act.