Definition of goods: statutory frameworks treat goods as movable property with context specific inclusions and exclusions. The definitional issue addresses goods where the CENVAT Rules are silent, relying on other statutes that treat goods expansively as kinds of movable ... Summary
Definition of goods: statutory frameworks treat goods as movable property with context specific inclusions and exclusions.
The definitional issue addresses goods where the CENVAT Rules are silent, relying on other statutes that treat goods expansively as kinds of movable property. Common inclusions are stocks, shares, growing crops, products severed from land, manufactured products and certain actionable claims; common exclusions are money and securities. Sectoral statutes add context specific items-customs lists vessels, aircraft, stores, baggage and negotiable instruments; transport law includes livestock; consumer law includes food-so classification depends on each enactment's enumerated inclusions and exclusions.
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