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M/S. Sunrise Associates vs Govt. Of Nct Of Delhi & Ors on 28 April, 2006

Issue 2: Whether gift vouchers are actionable claims or goods-in-lieu, and whether their supply can escape Rule 6 of the CENVAT Credit Rules 10.1 The appellant submitted that gift vouchers are merely pieces of paper representing a right to receive goods in future and therefore qualify as actionable claims. Reliance was placed on Sunrise Associates v. Govt. of NCT of Delhi - (2006) 5 SCC 603, wherein lottery tickets were held to be actionable claims and not goods.It was contended that since actionable claims are outside the scope of "goods" and "services", trading of gift vouchers cannot be brought within the ambit of Rule 6.
Supreme Court of India Cites 33 - Cited by 47 - R Pal - Full Document
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