https://www.taxtmi.com/caselaws?id=160737 A disclaimer of export-linked REP licences or exim scrips in favour of export houses, followed by direct issue of those tradable entitlements, amounted to a sale of goods under the Central Sales Tax Act because the entitlements had market value and were transferred for consideration. The percentage of f.o.b. value paid by the export houses, though described as service charge or commission, was the real consideration for that transfer, as no genuine service was shown. The taxable event occurred when the licences or scrips were issued in India, so the transaction did not take place outside India and remained liable to Central sales tax. en-us Thu, 23 Mar 2000 00:00:00 +0530 Mon, 23 Dec 2013 18:25:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160737 A disclaimer of export-linked REP licences or exim scrips in favour of export houses, followed by direct issue of those tradable entitlements, amounted to a sale of goods under the Central Sales Tax Act because the entitlements had market value and were transferred for consideration. The percentage of f.o.b. value paid by the export houses, though described as service charge or commission, was the real consideration for that transfer, as no genuine service was shown. The taxable event occurred when the licences or scrips were issued in India, so the transaction did not take place outside India and remained liable to Central sales tax. Case-Laws VAT and Sales Tax Thu, 23 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160737