1964 (7) TMI 19

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....amphor sold by the Customs Department when they auctioned confiscated goods. He subsequently sold the camphor. Camphor is assessable at the point of first sale by dealer. The assessee contended that the Customs Authority was the first dealer. But the Department repelled that contention and holding that the Customs Authority's sales were not the first sales, assessed the assessee as the first deale....

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....nition of dealer again hinges on the definition of "business" which, according to section 2(d) of the Act, includes any trade, commerce or manufacture or any adventure or concern in the nature of trade, commerce or manufacture whether or not any profit accrues from the said trade, commerce, manufacture or concern. It cannot be held that the Customs Authority which comes into possession of confisca....