https://www.taxtmi.com/caselaws?id=157384 Transfer of REP licences and exim scrips is treated as transfer of movable property because each confers a valuable, transferable and monetisable import entitlement that is neither immovable property nor an actionable claim. On that basis, their sale is characterised as transfer of "goods" and is said to attract sales tax under the Kerala General Sales Tax Act. The text also states that the levy operates on the sale of the licence, not on import transactions or customs duty, and therefore does not trench upon the Union field over import and export regulation. The stated conclusion is that the levy is legally valid. en-us Tue, 24 May 1994 00:00:00 +0530 Fri, 04 Oct 2013 16:56:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157384 Transfer of REP licences and exim scrips is treated as transfer of movable property because each confers a valuable, transferable and monetisable import entitlement that is neither immovable property nor an actionable claim. On that basis, their sale is characterised as transfer of "goods" and is said to attract sales tax under the Kerala General Sales Tax Act. The text also states that the levy operates on the sale of the licence, not on import transactions or customs duty, and therefore does not trench upon the Union field over import and export regulation. The stated conclusion is that the levy is legally valid. Case-Laws VAT and Sales Tax Tue, 24 May 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157384