https://www.taxtmi.com/caselaws?id=161511 Imported newsprint brought in for the actual user under a pre-existing arrangement was treated as a sale in the course of import, so local sales tax could not be levied where the importer retained possession only as agent pending payment. The materials showed that the import documents stood in the newspaper's name and that the petitioner held the goods merely until dues were paid; without a clear finding of taxable diversion or ownership in the importer, the demand and penalty could not be sustained. The assessment, revisional order, and consequential penalty action were therefore set aside. en-us Wed, 11 Sep 2002 00:00:00 +0530 Thu, 30 Jan 2014 16:12:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161511 Imported newsprint brought in for the actual user under a pre-existing arrangement was treated as a sale in the course of import, so local sales tax could not be levied where the importer retained possession only as agent pending payment. The materials showed that the import documents stood in the newspaper's name and that the petitioner held the goods merely until dues were paid; without a clear finding of taxable diversion or ownership in the importer, the demand and penalty could not be sustained. The assessment, revisional order, and consequential penalty action were therefore set aside. Case-Laws VAT and Sales Tax Wed, 11 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161511