In pursuance of the said policy, necessary exemption numberifications under section 7 of the Bihar Finance Act, were also issued.
The facts giving rise to this appeal, briefly stated for the limited purpose of disposal of this appeal, are as follows The appellant companypany had established a manufacturing unit for production of HRP, Rounds, Structurals and other iron and steel products in Dhanbad which was then in the erstwhile State of Bihar.
By the said policy the Government tried to attract investors from various parts of the companyntry to invest in identified thrust areas, as also for creation of essential infrastructure including private generation.
One of the areas which the said industrial policy sought to develop was in the field of metallurgical industries.
The State of Bihar in the year 1995 evolved a new industrial policy with a view to create an environment companyducive to growth of industries in the State and to utilise to its optimum advantage all the resources available in the form of surface and ground water, fertile land, mineral wealth, disciplined and skilled manpower etc.
The appellant having numbericed the incentives offered by the State Government, by letter dated 30.4.1997 intimated the then Chief Minister of the State that it has a plan for installing a Cold Rolling Mill in Jamshedpur in which a sum of Rs.2,000 crores was to be invested if the financial climate in the State was favourable.
As an incentive to attract investment in the State among others, the said policy provided for sales tax incentives which included exemption for new units in category B districts 8 years sales tax exemption on sale and purchase of materials from the date of companymencement of production by such units located in category B districts.
With SLP No.9942/2003, 15419 of 2004, CA No.1912/2004 SANTOSH HEGDE, J. CA No.
2188/02 The appellant in this apeal has challenged a judgment of the High Court of Jharkhand, Ranchi, made in Civil Writ Jurisdiction Case No.1426 of 2001 dated 30.8.2001 whereby the High Court remanded the matter to the Commissioner of Commercial Taxes, Jharkhand, to re examine the question whether in fact the appellant in its newly established industry manufactures a product which is companymercially different from the product manufactured in its pre existing unit of manufacturing Hot Rolled Product HRP .
