1987 (2) TMI 446

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.... for the appellants.   T.V.S.N. Chari, Ms. Vrinda Grover, Ms. Sunita and W.A. Qadri, Advocates, for the respondent.   --------------------------------------------------   The judgment of the Court was delivered by   RANGANATH MISRA, J.-Special leave has been granted limited to the question as to whether insurance charges is a part of "turnover" under section 2(s) of....

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....ts that the buyers had desired that the transit risk should be covered on their behalf. On the contrary, we noticed that the price charged by the appellants is f.o.r. destination price. The domain over the goods while the goods are in transit in such a case clearly vested and with the appellants, as under the terms of the contract the delivery is to be effected at the other end. In the circumstanc....

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....s held, did not charge insurance at the behest of the buyer. Before the Tribunal in the second appeal, as a fact it is found, the insurance premium was not paid at the behest of the purchaser............ The counsel for the company asserted that the facts recorded in the first appeal and the Appellate Tribunal are not correct................ To sum up, the amount collected by the company tow....

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....y the dealer, whatever be the description, name or object thereof; and   (d).............."   Inclusion of insurance charges for purposes of sales tax in three years being 1973-74, 1974-75 and 1975-76 is in issue in these appeals and the amounts involved are Rs. 22,716.92, Rs. 55,993.55 and Rs. 32,431.77 respectively. As a fact it has been found that the insurance charges were clai....