Invoice - Law Dictionary Search Results
Home Dictionary Name: invoiceTax invoice
Tax invoice, means an invoice in such form and containing such particulars as may be prescribed. [West Bengal Value Added Tax Act, 2003, s. 2(48)]...
invoice
invoice 1 : an itemized statement furnished to a purchaser by a seller and usually specifying the price of goods or services and the terms of sale : bill 2 : a consignment of merchandise ...
Invoice
To make a written list or account of as goods to be sent to a consignee to insert in a priced list to write or enter in an invoice...
Invoice
Invoice [perhaps corrupted fr. envoyez, Fr., send], a written account of the particulars of goods sent or shipped to a purchaser, factor, etc., with the value, or prices, or charges annexed....
Fertilisers of the soil
Fertilisers of the soil. The purity of artificial manures under the statutory title (without a statutory definition) of 'fertilisers of the soil' is protected by the (English) Fertilisers and Feeding Stuffs Act, 1906 (6 Edw. 7, c. 27), repealing and re-enacting an Act of 1893. The Act requires sellers to give invoices, enables purchasers to have the fertiliser analysed by official analysts, and penalizes sellers for giving no invoices or false invoices. The (English) Fertilisers and Feeding Stuffs Act,1926 (16 & 17 Geo. 5, c. 45), now replaces the 1906 Act, See Needham v. Worcestershire County Council, (1909) 100 LT 901, and Aggs on Agricultural Holdings....
Purchase value
Purchase value, means the value of the specified goods as ascertained from the original invoice and includes insurance, excise, duties, counter-vailing duties, sales tax, transport fee, octroi, freight charges and all other charges incidentally levied on the purchase of the specified goods and in the case of the specified goods mentioned at serial number 1 of the schedule also the value of accessories fitted therein:Provided that where purchase value of the specified goods is not ascertainable on account of non-availability or non-production of the original invoice, or when the invoice produced is proved to be false, or if the specified goods are acquired or obtained otherwise they by way of purchase, than the purchase value shall be the value or price at which the specified goods of the like kind or quality are sold or are capable of being sold, in open market in the local area. [The Gujarat Tax on entry of Specified Goods into Local Area Act, 2001, s. 2(i)]...
Payable
Payable, 'payable' generally means that which should be paid, New Delhi Municipal Committee v. Kalu Ram, AIR 1976 SC 1637 (1639): (1976) 3 SCC 407: (1976) Supp SCR 87.The expression 'the full amount payable by the foreign buyer in respect of the goods' occurring in cl. (b) would mean merely the total amount which is due from the foreign buyer in respect of the goods actually exported; and what would be due from a foreign buyer has to be merely the price which he has been agreed to pay and not any fanciful, unreal or inflated price which the exporter may choose to falsely incorporate in the invoice with any ulterior motives. The foreign buyer cannot, by any stretch of imagination, be held to be liable to pay any amount over and above the price which he has promised to pay for the goods received by him and any difference between that price and the price given in the invoice can therefore not have the attribute of having become 'payable' by him, Director, Enforcement Directorate, Ministry...
Value of goods
Value of goods, means the value as ascertained from the purchase invoices or bills and includes insurance charges, excise duties, countervailing duties, value added tax, sales tax, transport charges, freight charges and all other charges incidental to the transaction of the goods:Provided that where the purchase invoices or bills are not produced or when the goods are acquired or obtained otherwise than by way of purchase, the value of goods shall be the value at which the goods of like kind or quality are sold or are capable of being sold in open market. [Gujarat Value Added Tax Act, 2003, s. 2(35)]...
banker's acceptance
banker's acceptance : a short-term credit instrument issued by an importer's bank that guarantees payment of an exporter's invoice ...
draft
draft 1 : a preliminary version of something (as a law) 2 a : a system for or act of selecting individuals from a group (as for military service) b : the act or process of selecting an individual (as for political candidacy) without his or her expressed consent 3 : an order for the payment of money drawn by one person or bank on another see also drawee, drawer compare check documentary draft : a draft that will be honored only upon the presentation of certain documents (as an invoice or certificate of title) sight draft : a draft payable on presentation time draft : a draft payable a specified number of days after the date of the draft or of its presentation vt 1 : to select for some purpose ;specif : to conscript for military service 2 : to compose or prepare esp. the preliminary version of [ing legislation] vi : to practice draftsmanship draft·er n ...
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