M/S Bansal Wire Industries Ltd.& Anr vs State Of U.P.& Ors

The Supreme Court examined whether 'stainless steel wire' qualifies as 'tools, alloys and special steels' under entry no. (ix) of clause (iv) of Section 14 of the Central Sales Tax Act, 1956. The Court held that 'stainless steel wire' does not fall under the definition of declared commodities as per the Act, affirming the lower authority's decision to tax it at a rate of 4%. Consequently, the appeals were dismissed, upholding the assessment orders issued under the UP Trade Tax Act and the Central Act.