Commodity - Law Dictionary Search Results

Grocery

The commodities sold by grocers as tea coffee spices etc in the United States almost always in the plural form

461: (1980) 1 SCR 961. It is only when the change, or a series of changes, take the commodity to the point where commercially it can no longer be regarded as the original commodity but instead is

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Processing

the act of processing. 'What is necessary in order to characterise an operation as 'processing' is that the commodity must, as a result of the operation, experience some change' (See Chowgule & Co. Pvt. Ltd. v. Union

Dealer, auction

To be a dealer a person need not follow the activity of buying, selling and supplying the same commodity. Mere buying for personal consumption i.e., without a profit motive will not make a person dealer within the

Income

SCR 1. The expression 'income' in its normal connotation does not mean mere production or receipt of a commodity which may be converted into money. Income arises when the commodity is disposed of by sale consumption or

Drawback

(468). The term used in commerce to signify the remitting or paying back upon the exportation of a commodity of the duties previously paid on it. A drawback is a device resorted to for enabling a commodity

Manufacturing purposes

several manufacturing processes before it is fit and made ready for the market. What is itself a manufactured commodity may constitute a 'material' for working it up into a different product. Thus, for example, for the tanner,

Use and consumption

Use and consumption, conversion of a commodity into a different commercial commodity by subject-ing it to some processing, is consumption within the meaning of the

Goods

in itself is not a 'good', but when transferred to a laser-readable disc it becomes a readily merchant-able commodity. Similarly, when a professor deliv-ers a lecture, it is not a good, but, when transcribed as a book,

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