High Court ordered payment of VAT as assessee had discounted its business during exemption period

CST & VAT: Where assessee had established a unit for manufacturing of PVC granules and it had been granted exemption from tax for period from 22-4-1993 to 21-4-2000 and it availed of sales tax exemption, since assessee had discontinued business from January, 1997, it was liable to make payment of entire tax exemption availed of