1966 (1) TMI 54 - SUPREME COURT

Whether on a proper interpretation of the terms of the contract, there was or was not involved therein any sale in the course of import?

Held that:- Appeal allowed. There was no possibility of these goods being diverted by the assessee for any other purpose. Consequently we hold that the sales took place in the course of import of goods within section 5(2) of the Act, and are, therefore, exempt from taxation.