https://www.taxtmi.com/caselaws?id=162437 Freight deducted from invoices under an F.O.R. destination arrangement does not form part of taxable turnover where the seller's responsibility ends on delivery to the carrier, freight is not payable by the seller, and no freight is received from customers. Property and risk passing to the buyer upon delivery to the carrier support exclusion of the freight component from sale price. Rejection of books of account is unjustified where the alleged discrepancy is explained by an issued bill and corresponding book entry; factual findings based on the record require demonstrated error before interference. The revisions failed, leaving the findings in favour of the assessee intact. en-us Wed, 22 Oct 2003 00:00:00 +0530 Wed, 26 Feb 2014 16:15:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162437 Freight deducted from invoices under an F.O.R. destination arrangement does not form part of taxable turnover where the seller's responsibility ends on delivery to the carrier, freight is not payable by the seller, and no freight is received from customers. Property and risk passing to the buyer upon delivery to the carrier support exclusion of the freight component from sale price. Rejection of books of account is unjustified where the alleged discrepancy is explained by an issued bill and corresponding book entry; factual findings based on the record require demonstrated error before interference. The revisions failed, leaving the findings in favour of the assessee intact. Case-Laws VAT and Sales Tax Wed, 22 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162437