Issue Price - Definition - Law Dictionary Home Dictionary Definition issue-price

Definition :

Issue price, issue price is the sum total of whatever has gone into the price of liquor at the time it is issued and it is a single predetermined definite sum and not the total of separate sum representing so many specified components including excise duty, State of A.P. v. Y. Prabhakara Reddy, AIR 1987 SC 933: (1987) 2 SCR 513: (1987) 2 SCC 136.