Pepsico India Holdings P.Ltd vs State Of Kerala & Ors

The Supreme Court interpreted the exemption notification dated 3.11.1992 under Section 10 of the Kerala General Sales Tax Act, 1963, which provides sales tax exemptions for new industrial units in Kerala. The Court held that the appellant, a private limited company intending to set up a soft drink manufacturing unit, was entitled to the benefits of the exemption as per the notification, emphasizing the importance of adhering to the policy aimed at attracting investment. The judgment clarified the procedural aspects regarding the issuance of eligibility certificates and the role of the Kerala State Industrial Development Corporation in facilitating such exemptions.