27 July 2011
Dear All Kindly help me in case given below:
A buyer name 'X' is registered delear in CST Act (Location - Kolkata) bought declared goods from seller 'Y' situated at Delhi against "C" form. Transport arrangement is arrange by seller and risk and reward is tfd to buyer after delivery of goods at buyer location. In between truck reached to Kanpur (after loading declared Goods from Delhi) , Buyer sold all the goods into Kanpur Mkt. Resulting goods not reached at final destination. Kindly reply me implication / solution along with relevent portion of CST Act, Rules and "C" form . Treat it as most urgent. CA.Abhishek Bansal
27 July 2011
This transaction is the Nature of E 1 Sale as good sold when good are in transit, in this case X will issue E1 Form to the the seller (ie. Party of Kanpur) & received C form from said party.
CAclubindia
