https://www.taxtmi.com/caselaws?id=154265 Yarn turnover was held not to constitute second sales eligible for exemption because the contractual terms showed the assessee acted only as a selling agent for the mills. The assessee took delivery on provisional invoices and made provisional payments, but the yarn was to be sold on the mills' account at prices fixed by the mills. Those features showed that the provisional invoices were only for interim payment and did not create an actual sale from the mills to the assessee. The disputed turnover was therefore treated as the first sale by the assessee as agent, and exemption was denied. en-us Mon, 04 Jun 1984 00:00:00 +0530 Fri, 16 Aug 2013 15:02:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=154265 Yarn turnover was held not to constitute second sales eligible for exemption because the contractual terms showed the assessee acted only as a selling agent for the mills. The assessee took delivery on provisional invoices and made provisional payments, but the yarn was to be sold on the mills' account at prices fixed by the mills. Those features showed that the provisional invoices were only for interim payment and did not create an actual sale from the mills to the assessee. The disputed turnover was therefore treated as the first sale by the assessee as agent, and exemption was denied. Case-Laws VAT and Sales Tax Mon, 04 Jun 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=154265