https://www.taxtmi.com/caselaws?id=30213 Sunrise Associates, confined to lottery tickets, did not impliedly overrule Vikas Sales Corporation, which remained good law on REP licences because it rested on their intrinsic value, free transferability and commercial treatment as merchandise. On the same reasoning, DEPB credits shared the same characteristics, so they were not mere actionable claims or rights to sue but movable property within the sales tax definition of goods. Accordingly, transfers of REP licences and DEPB credits were exigible to sales tax under the materially similar statutory definitions considered in the Delhi, Kerala and Bombay enactments. en-us Tue, 06 May 2008 00:00:00 +0530 Tue, 22 Dec 2015 13:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30213 Sunrise Associates, confined to lottery tickets, did not impliedly overrule Vikas Sales Corporation, which remained good law on REP licences because it rested on their intrinsic value, free transferability and commercial treatment as merchandise. On the same reasoning, DEPB credits shared the same characteristics, so they were not mere actionable claims or rights to sue but movable property within the sales tax definition of goods. Accordingly, transfers of REP licences and DEPB credits were exigible to sales tax under the materially similar statutory definitions considered in the Delhi, Kerala and Bombay enactments. Case-Laws VAT and Sales Tax Tue, 06 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30213