https://www.taxtmi.com/caselaws?id=162904 Section 61(2)(e) of the Haryana Value Added Tax Act, 2003 was examined on the basis that Duty Entitlement Pass Book receipts were transferable rights and not goods. The challenge argued that, if DEPB was not goods, the State lacked competence under Entry 54 of List II to levy sales tax on its sale or transfer. The Court relied on earlier authority treating transferable import licences and similar scrips as goods, and on Sunrise Associates, which left the earlier binding position intact for REP licences and DEPB transactions until that decision. On that reasoning, the levy on DEPB turnover was sustained and the provision was upheld as valid. en-us Fri, 08 Sep 2006 00:00:00 +0530 Tue, 18 Mar 2014 17:19:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162904 Section 61(2)(e) of the Haryana Value Added Tax Act, 2003 was examined on the basis that Duty Entitlement Pass Book receipts were transferable rights and not goods. The challenge argued that, if DEPB was not goods, the State lacked competence under Entry 54 of List II to levy sales tax on its sale or transfer. The Court relied on earlier authority treating transferable import licences and similar scrips as goods, and on Sunrise Associates, which left the earlier binding position intact for REP licences and DEPB transactions until that decision. On that reasoning, the levy on DEPB turnover was sustained and the provision was upheld as valid. Case-Laws VAT and Sales Tax Fri, 08 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162904