ICI INDIA LTD. vs STATE OF ORISSA .

The Supreme Court upheld the decision of the Orissa High Court, affirming 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 final product but used as an intermediary for producing 'Bulk Explosive'. The appeals were dismissed, confirming the assessment orders for the assessment years 1997-98 and 1998-99.