Sale in transit
This query is : Resolved
subhash sharma
(Querist)
30 May 2012
X (UP) SOLD GOODS TO Y(DELHI) AGAINST C-FORM.
WHEN GOODS WERE IN TRANSIT Y(DELHI) SOLD THE SAME GOODS TO Z(UP).
CAN THIS TRANSACTION BE TREATED AS SALE IN TRANSIT SINCE THE MOVMENT OF THE GOODS TAKE PLACE IN THE SAME STATE.
PLEASE CONFIRM AND ALSO REFER FEW CASE LAWS.
REGARDS
SUBHASH SHARMA
ADVOCATE
M-9891338895
X (UP) SOLD GOODS TO Y(DELHI) AGAINST C-FORM.
WHEN GOODS WERE IN TRANSIT Y(DELHI) SOLD THE SAME GOODS TO Z(UP).
CAN THIS TRANSACTION BE TREATED AS SALE IN TRANSIT SINCE THE MOVMENT OF THE GOODS TAKE PLACE IN THE SAME STATE.
PLEASE CONFIRM AND ALSO REFER FEW CASE LAWS.
REGARDS
SUBHASH SHARMA
ADVOCATE
M-9891338895
CA Vijay Kumar Gupta
(Expert)
01 June 2012
No, because the goods are ultimately delievered in UP
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