https://www.taxtmi.com/notifications?id=22544 Certified Emission Reductions (CERs) are intangible instruments with innate market value, transferable and marketable, and therefore fall within the definition of "goods" under the DVAT Act, 2004; transactions in CERs constitute "sale" and persons trading them are "dealers". CERs are comparable to intangible items listed in Entry No. 3 of the Third Schedule and, applying judicial precedents on tradable licences and scrips, are taxable under the DVAT Act and subject to the VAT rate applicable to such intangible goods. en-us Wed, 13 Jan 2010 00:00:00 +0530 Wed, 27 Jan 2010 14:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=22544 Certified Emission Reductions (CERs) are intangible instruments with innate market value, transferable and marketable, and therefore fall within the definition of "goods" under the DVAT Act, 2004; transactions in CERs constitute "sale" and persons trading them are "dealers". CERs are comparable to intangible items listed in Entry No. 3 of the Third Schedule and, applying judicial precedents on tradable licences and scrips, are taxable under the DVAT Act and subject to the VAT rate applicable to such intangible goods. Notifications VAT - Delhi Wed, 13 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/notifications?id=22544