Price definition: inclusive monetary consideration for goods, covering transport, duties and tax components under sale and tax laws. Price denotes the monetary consideration for transfer of goods and includes the basic cost plus incidental expenses such as transportation, duties and ... Summary
Price definition: inclusive monetary consideration for goods, covering transport, duties and tax components under sale and tax laws.
Price denotes the monetary consideration for transfer of goods and includes the basic cost plus incidental expenses such as transportation, duties and sales tax; the Sale of Goods Act limits price to money consideration (cash or deferred payment) while sales tax legislation adopts a broader concept of valuable consideration beyond cash.
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