TaxTMI 
TaxTMI 
What is E1 Sale? under Section 6(2) of CST act.
What is E1 Sale? under Section 6(2) of CST act.
07 Feb 2015 
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E-1 sale: transit sale where an intermediary resells without taking delivery, using document endorsement or bill-to-ship.
E-1 sale is a form of transit sale where an intermediate buyer resells goods to a third-party buyer in another State without taking physical delivery, effected by endorsement of documents of title or by a Bill-to-Ship arrangement preserving uninterrupted interstate movement to the ultimate buyer. (AI Summary)
E-1 sale is a form of transit sale where an intermediate buyer resells goods to a third-party buyer in another State without taking physical delivery, effected by endorsement of documents of title or by a Bill-to-Ship arrangement preserving uninterrupted interstate movement to the ultimate buyer. (AI Summary)