9911796707
TMI Blog2017 (10) TMI 1055X X X X Extracts X X X X X X X X Extracts X X X X ..... o service is involved - appeal dismissed - decided against Revenue. - ST/Stay/70224/2017 with ST/70502/2017-CU[DB] - ST/A/71097/2017-CU[DB] - Dated:- 8-9-2017 - Mr. Anil Choudhary, Member (Judicial) And Mr. Anil G. Shakkarwar, Member (Technical) Shri Rajeev Ranjan (Joint Commr.) AR, for Appellant Shri Shubham Agrawal (Adv.) Ms. Sanyukta Singh (Adv.), for Respondent ORDER Per: Anil Choudhary The issue in this appeal is whether the transaction being transfer of rights and privilege of export of Sugar quota by the respondent assessee on receipt of consideration, whether the same is a service or goods. 2. Heard the parties. 3. We find from the impugned Order-in-Appeal that the Learned Commissioner (Appea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n Yasha Overseas versus Commissioner of Sales Tax and others , alongwith other appeals, reported in (2008) 8 SCC 681, wherein the Hon'ble Supreme Court was considering the ruling in the case of Vikas Sales Corporation Versus CCT , by the earlier Bench holding that the transfer of an import licence called as REP licence granted under the 1992-1997 Exim policy was exigible to sales tax, is impliedly overruled by the Constitution Bench decision in M/s Sunrise Associates versus Government of NCT of Delhi that held that lottery tickets where actionable claims and where, therefore, excluded from the definition of goods under the Sales Tax Act and hence the sale of lottery tickets was not subject to sales tax, and the earlier Two Ben ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... given one might compare DEPB with prepaid meal tickets or prepaid petrol coupons or accumulated flying miles. A meal ticket, a petrol coupon or flying miles credit has its own intrinsic value. If permitted free transferability those would soon become market commodities and would be sold and bought for their value as goods . In light of the discussions made above, the two questions framed at the beginning of the judgment are to be answered as follows: The Constitution Bench decision in Sunrise does not alter the position in regard to levy of tax on sale of REP licence and on that issue the three-Judge Bench decision in Vikas continues to be hold the field. DEPB has an intrinsic value that makes it a market commodity. Therefore, ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
