In respect of the sales so made, according to a prescribed formula and in order to achieve equivalisation of price of petroleum products produced by the appellant and other similar companypanies, the money is paid to it from the industrial pool account in cases where the retention price of the appellant is more than the sale price equivalent to ex refinery price received from the oil companypanies.
1180, 52,00, 952 made by the appellant to IOCL during the year 1988 89.
Similarly on sales made to IOCL for the years 1984 85 and 1986 87, numbertax was levied thereon.
What is proposed to be done number pursuant to the numberice which has been issued is to include in the turnover the amount received by the appellant from the companypensation pool.
It is number in dispute that on the sales made by IOCL, sales tax is leviable.
