Rate Applicable
Legal definition for Indian law research
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)]
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.