Identifiable Constituent - Definition - Law Dictionary Home Dictionary Definition identifiable-constituent

Definition :

Identifiable constituent, if the component is capable of identification by a chemical or other test as a component of a finished product falling within the Schedule, it would be an identifiable constituent within the meaning of S. 3(3) Explanation of the Madras General Sales Tax Act, 1959 and the sale of the component would qualify for the concessional rate of tax, State of Madras v. M.R. Krishnaswami Naidu, AIR 1970 SC 1027: (1971) 3 SCC 831. [T.N. General Sales Tax Act, 1959]