https://www.taxtmi.com/caselaws?id=155871 A sale is exempt as being in the course of import only where the sale itself is the immediate and direct cause of the import and forms part of a single integrated transaction. A mere intention that goods be imported, or restrictions on their diversion, is insufficient. Applying that test, the foreign contract was entered into by the State Trading Corporation as principal; it opened the letter of credit, bore the contractual risk, and the later sale to Coromandel arose only after title had passed locally. The transaction therefore did not occasion the import and remained taxable under the State sales tax law. en-us Fri, 15 Jul 1988 00:00:00 +0530 Mon, 09 Sep 2013 16:46:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155871 A sale is exempt as being in the course of import only where the sale itself is the immediate and direct cause of the import and forms part of a single integrated transaction. A mere intention that goods be imported, or restrictions on their diversion, is insufficient. Applying that test, the foreign contract was entered into by the State Trading Corporation as principal; it opened the letter of credit, bore the contractual risk, and the later sale to Coromandel arose only after title had passed locally. The transaction therefore did not occasion the import and remained taxable under the State sales tax law. Case-Laws VAT and Sales Tax Fri, 15 Jul 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155871