East Asiatic Co. (India) Private ... vs State Of Tamil Nadu on 8 August, 1984
Ltd. v. Union of India which was available at the time of the said judgment but which has not been referred to and considered therein. As already stated, even if the assessee had not entered into a contract to supply goods to the local buyer, in view of the import entitlement which it is having the assessee would have imported the goods and then found out the buyer for the sale of those goods. The fact that the assessee had earlier entered into an agreement to supply the goods before actually importing the same will not change the character of the sale between the foreign seller and the assessee being a sale in the course of the import.