Rate Applicable - Definition - Law Dictionary Home Dictionary Definition rate-applicable

Definition :

Rate applicable, the rate applicable merely mean the rate applicable at the relevant point of time and not the rate applicable when s. 8(2) (a) was enacted, International Cotton (P) Ltd. v. AIR 1979 SC 1604 (1609): (1975) 3 SCC 585. [Central Sales Tax Act, 1956 s. 8(2)(a)]