Commodity - Law Dictionary Search Results
Consummation
the word 'consumption' has a wider meaning. It is not necessary that by the act of consumption the commodity must be destroyed or used up, Burma Shell Co. v. Belgaum Borough Municipality, AIR 1963 SC 906: 1963
Consumption and use
the word 'consumption' has a wider meaning. It is not necessary that by the act of consumption the commodity must be destroyed or used up, Burma Shell Co. v. Belgaum Borough Municipality, AIR 1963 SC 906: 1963
Money
freely from hand to hand throughout the community, in the final discharge of debts and full payment for commodities; being accepted equally without reference to the character or credit of the person who offers it, and without
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Money Bill
freely from hand to hand throughout the community, in the final discharge of debts and full payment for commodities; being accepted equally without reference to the character or credit of the person who offers it, and without
Business
a profit motive, and not for sport or pleasure. Whether a person carries on business in a particular commodity must depend upon the volume, frequency, continuity and regularity of transaction of purchase and sale in a class
Common gaming house
house' means-- (i) in the case of gaming-- (a) on the market price of cotton, opium or other commodity or on the digits of the number used is stating such price, or (b) on the amount of
Monger
dealer or seller. It is seldom or never used alone, or otherwise than after the name of any commodity, to express a seller of such commodity. Also, a little fishing vessel, 13 Eliz. c. 11.
Raw material
v. Ballarpur Industries Ltd., AIR 1990 SC 196. Raw material, is something from which another new or distinct commodity can be produced. When it is used in a taxing statute, it may have related meaning depending on
Speculative transaction
Act defines a speculative transaction as 'a transaction in which a contract for purchase and sale of any commodity including stocks and shares is periodically or ultimately settled otherwise than by the actual delivery or transfer of
Value added tax
Value added tax. A tax assessed at each step in the production of a commodity, based on the value added at each step by difference between the commodity's production cost and its selling
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