Only rejects, upto 5 or such other percentage as the Board might fix, were allowed to be sold in the domestic tariff area.
On 15th Sept., 1981 the appellants entered into an agreement, called the Off Take Agreement, with M s. Marc Rich Co., AG, number called Richco , a companyporation having its registered office at Zug, Switzerland.
The writ petitions filed by the appellants thereagainst were dismissed.
For the Assessment Years 1990 91 and 1991 92 the respondents found that these sales were intra State sales subject to the levy of tax under the Orissa Sales Tax Act.
The application of the appellants that its charge chrome project be approved as a 100 export oriented unit was granted by the Government of India on 24th Oct. 1991.
Until the Assessment year 199 91, one respondents accepted the position that the states made by the appellants were sales in the companyrse of export and, therefore, exempt from the levy of sales tax.
A unit approved by the Board set up under the resolution was required to undertake to manufacture in bond and export its entire production for a period of 10 years and the finished products were exempt from excise and other central levies.
BHARUCHA.J. These appeals by special leave questions the companyrectness of the judgment and order of a Division Bench of the High Court of Orissa dismissing writ petitions filed by the appellants.
