PEPSICO INDIA HOLDINGS P.LTD. vs STATE OF KERALA .

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 exemption applies to both the turnover of goods manufactured and sold within the state and goods used for manufacturing other goods. The judgment clarified the procedural aspects regarding the issuance of eligibility certificates and the authority responsible for granting exemptions, ultimately affirming the validity of the exemption policy as beneficial for attracting investment.