https://www.taxtmi.com/caselaws?id=128806 Contract terms showing the Bombay dealer as seller, the assessee as buyer, a fixed price, payment against railway receipt and weighment, and an arbitration clause established a genuine sale rather than a principal-agent arrangement. Import-control formalities and the letter of authority were treated as regulatory devices and did not change the commercial character of the transaction. Because the sale to the assessee occurred after customs clearance and beyond the customs barrier, it was not a sale in the course of import. Article 286 therefore did not apply, and the tax revision failed. en-us Mon, 24 Jun 1963 00:00:00 +0530 Thu, 11 Apr 2013 14:56:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128806 Contract terms showing the Bombay dealer as seller, the assessee as buyer, a fixed price, payment against railway receipt and weighment, and an arbitration clause established a genuine sale rather than a principal-agent arrangement. Import-control formalities and the letter of authority were treated as regulatory devices and did not change the commercial character of the transaction. Because the sale to the assessee occurred after customs clearance and beyond the customs barrier, it was not a sale in the course of import. Article 286 therefore did not apply, and the tax revision failed. Case-Laws VAT and Sales Tax Mon, 24 Jun 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128806