Tax treatment of branded goods now makes branded unit-container items taxable unless brand rights are voluntarily foregone and conditions met. The corrigendum clarifies that goods put up in unit containers bearing a registered brand name or a brand name on which an actionable claim or enforceable right exists are taxable at 5%. It further provides that where any actionable claim or enforceable right in respect of such brand name has been voluntarily foregone, the goods shall be exempted subject to the conditions specified in Annexure I.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax treatment of branded goods now makes branded unit-container items taxable unless brand rights are voluntarily foregone and conditions met.
The corrigendum clarifies that goods put up in unit containers bearing a registered brand name or a brand name on which an actionable claim or enforceable right exists are taxable at 5%. It further provides that where any actionable claim or enforceable right in respect of such brand name has been voluntarily foregone, the goods shall be exempted subject to the conditions specified in Annexure I.
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