05 October 2011
for E-1 ............transport document must be endorsed in favor of C by A after delivery of goods by B to transporter and B as consignee.
in a nutshell no E 1 sale can take place prior to despatch of goods
05 October 2011
The first sale in E1 transaction must be an interstate sale that is the first and foremost requirement. Since coimbatore and chennai are in same state of Tamilnadu, there cant be any subsequent interstate in-transit sales and no consequent exemption u/s 6(2) will be available. For understanding the subject more can refer to the article at below link: