Wholesale - Law Dictionary Search Results
Home Dictionary Name: wholesaleWholesale cash price
Wholesale cash price, there can be no doubt that the 'wholesale cash price' has to be ascertained only on the basis of transactions at arms length. If there is a special or favoured buyer to whom a special low price is charged because of extra-commercial considerations, e.g. because he is relative of the manufacturer, the price charged for those sales would not be the 'wholesale cash price' for levying excise under s. 4(a) of the Act, A.K. Roy v. Voltas Limited, AIR 1973 SC 225 (228): (1973) 3 SCC 503: (1973) 2 SCR 1089. [Central Excise and Sales Act, 1944, s. 4(a)]Where a manufacturer sells the goods manufactured by him in wholesale to a wholesale dealer at arms length and in the usual course of business, the wholesale cash price charged by him to the wholesale dealer less trade discount would represent the value of the goods for the purpose of assessment of excise. That would be the wholesale cash price for which the goods are sold at the factory-gate within the meaning of s. 4(a), A...
Wholesale market
Wholesale market, a wholesale market does not always mean that there should be an actual place where articles are sold and bought on a wholesale basis. This word can also mean the potentiality of the articles being sold on a wholesale basis. So, even if there was no market in the physical sense of the term at or near the place of manufacture where the articles of a like kind and quality are or could be sold, that would not in any way affect the existence of market in the proper sense of the term provided the articles themselves could be sold wholesale to traders, even though the articles are sold to them on the basis of agreements which confer certain commercial advantages upon them, A.K. Roy v. Voltas Ltd., AIR 1973 SC 225 (228): (1973) 3 SCC 503....
Wholesale price
Wholesale price, means, the price which a wholesale dealer charges for his goods when he sells them in wholesale units, either in wholesale market, AIR 1963 Mys 216 (218). [Central Excise and Salt Act, 1944, s. 4(a)]...
Wholesale
Wholesale, means a sale in large quantities where a trader sells the whole or a large part of his articles or goods or produce direct at a fixed price to his customers who will be mostly retail dealers, that price can be described as the wholesale price, and if, cash was paid on delivery, the same is described as wholesale cash price, Secretary of State v. Vaccum Oil Co., AIR 1939 Bom 597....
Wholesale dealer
Wholesale dealer, is a person who keeps for wholesale to traders a commodity for the purpose of trade, Manoharbhai v. Emperor, AIR 1946 Nag 248: 1945 ILR Nag 422: 1946 Mad LJ 319.Means a person who buys or sells excisable goods wholesale for the purpose of trade or manufacture, and includes a broker or commission agent who, in addition to making contracts for the sale or purchase of excisable goods for others, stocks such goods belonging to others as an agent for the purpose of sale. [Central Excise Act, 1944 (10 of 1944), s. 2(k)]One who sells goods in gross to retail dealers rather than selling in smaller quantities directly to consumers, Black's Law Dictionary, 7th Edn., p. 1591.Means a trader who has stock of grains in bags and without breaking the bags sells to retail dealers, V. Sesha Prabhu v. Emperor, AIR 1921 Mad 713....
Sale by way of wholesale dealing
Sale by way of wholesale dealing, means sale to a person for the purpose of selling again and includes sale to a hospital, dispensary, medical, educational or research institution. [The Drugs and Cosmetics Rules, 1945, R. 2 (g)]...
Wholesale dealer or manufacturer
Wholesale dealer or manufacturer, the word whole sale dealer or manufacturer in item 1 of Appendix (1) will not apply to hoteliers and restaurant keepers whose main business is to conduct retail sale of their articles prepared by them in what may be termed a part of the same premises, Khadya Peya Vikarate Malak Sangh v. Chief Officer, AIR 1977 SC 527: (1977) 1 SCC 455: (1977) 2 SCR 139....
Wholesaler
Wholesaler, in relation to the sale of any goods, means a person who sells the goods, either in bulk or in large quantities, to any person for the purposes of re-sale, whether in bulk or in the same or smaller quantities. [Monopolies and Restrictive Trade Practices Act, 1969 (54 of 1969), s. 2 (x)]One who buys large quantities of goods and resell them in smaller quantities to retailers or other merchants who in turn sell to ultimate consumer, Black's Law Dictionary, 7th Edn., p. 1591....
Salary or wages
Salary or wages, means all remuneration (other than remuneration in respect of over-time work) capable of being expressed in terms of money, which would, if the terms of employment, express or implied, were fulfilled, be payable to an employee in respect of his employment or of work done in such employment and includes dearness allowance (that is to say, all cash payments, by whatever name called, paid to an employee on account of a rise in the cost of living), but does not include--(i) any other allowance which the employee is for the time being entitled to;(ii) the value of any house accommodation or of supply of light, water, medical attendance or other amenity or of any service or of any concessional supply of foodgrains or other articles.(iii) any travelling concession;(iv) any bonus (including incentive, production and attendance bonus);(v) any contribution paid or payable by the employer to any pension fund or provident fund or for the benefit of the employee under any law for t...
Food and sale
Food and sale, 'Food' is defined by S. 2(v) of the Prevention of Food Adulteration Act, 1954 as meaning 'any article used as food or drink for human consumption other than drugs and water and includes:(a) any article which ordinarily enters into, or is used in the composition or preparation of human food, and(b) any flavouring matter or condiments. 'Sale' is defined by S. 2(xiii) as follows: 'Sale' with its grammatical variations and cognate expressions, means the sale of any article of food, whether for cash or on credit or by way of exchange and whether by wholesale or retail, for human consumption or use, or for analysis, and includes an agreement for sale, an offer for sale, the exposing for sale or having in possession for sale of any such article, and includes also an attempt to sell any such article; According to the definition of 'food' any used as food or drink for human consumption and any article which ordinarily enters into or is used in the composition or preparation of hu...
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