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payment or more readily recoverable as distinguished from e.g. a mere IOU which is only evidence of a debt. The word is not confined to a document which gives a charge on specific pro-perty but includes personal

Goods

Gujarat Value Added Tax Act, 2003, s. 2(13)] Goods, Notification No. 123/81-CE exempted capital goods, raw materials, components, consumables etc. Compendiously known as 'goods' from pay-ment of basis excise duty and additional excise duty subject to conditions … come within the purview of the definition of goods as it is simply an instrument of acknowledgment of debt by the company whereby it undertakes to pay the amount covered by it and till then it undertakes

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