https://www.taxtmi.com/caselaws?id=151445 Imported goods procured under an actual user licence were treated as received by the licence-holder, not sold by the intermediary applicants. The applicants were authorised only to open the letter of credit and remit payment on behalf of the licence-holder, while the goods were used in manufacture, delivered to the manufacturers, and recovered at actual cost without profit. On that commercial reality, the applicants acted as agents rather than buyers or sellers, so no independent taxable sale arose and the transaction did not fall within sales tax as a sale by the applicants to the manufacturers. en-us Thu, 11 Dec 1975 00:00:00 +0530 Wed, 05 Jun 2013 18:49:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151445 Imported goods procured under an actual user licence were treated as received by the licence-holder, not sold by the intermediary applicants. The applicants were authorised only to open the letter of credit and remit payment on behalf of the licence-holder, while the goods were used in manufacture, delivered to the manufacturers, and recovered at actual cost without profit. On that commercial reality, the applicants acted as agents rather than buyers or sellers, so no independent taxable sale arose and the transaction did not fall within sales tax as a sale by the applicants to the manufacturers. Case-Laws VAT and Sales Tax Thu, 11 Dec 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151445