https://www.taxtmi.com/caselaws?id=352809 The appellate tribunal concluded that the transfer of rights and privilege of export of sugar quota constitutes a sale of goods based on precedents set by the Supreme Court in similar cases involving licenses with intrinsic value. Drawing analogies with market commodities, the Court affirmed that such transactions are subject to sales tax as they involve items with inherent value and market transferability. Therefore, the appeal was dismissed, confirming the classification of the transaction as a sale of goods without any service element involved, in line with the legal interpretation provided by the Supreme Court in previous judgments. en-us Tue, 19 Sep 2017 00:00:00 +0530 Thu, 15 Feb 2018 16:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352809 The appellate tribunal concluded that the transfer of rights and privilege of export of sugar quota constitutes a sale of goods based on precedents set by the Supreme Court in similar cases involving licenses with intrinsic value. Drawing analogies with market commodities, the Court affirmed that such transactions are subject to sales tax as they involve items with inherent value and market transferability. Therefore, the appeal was dismissed, confirming the classification of the transaction as a sale of goods without any service element involved, in line with the legal interpretation provided by the Supreme Court in previous judgments. Case-Laws Central Excise Tue, 19 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352809