Certain definitions
203. For purposes of this sub-chapter,-
(a) "buyer" means a person who obtains in any sale, by way of auction, tender, or any other mode, goods of the nature specified in the Table in sub-section (1) or the right to receive any such goods but does not include,-
(i) a public sector company, the Central Government, a State Government, an embassy, a high commission, legation, commission, consulate and trade representation of a foreign State, and a club; or
(ii) a buyer in the retail sale of such goods, purchased by him for personal consumption;
(b) "lessee or licensee" means a person other than a public sector company who is granted a lease or licence or is awarded a contract;
(c) "lessor or licensor" means a person who grants a lease or licence or enters into a contract or otherwise transfers, wholly or partly, any right or interest to a lessee or licensee,
(d) "scrap" means waste from the manufacture or mechanical working of materials which is unusable because of breakage, wear and tear and other reasons;
(e) "seller" means,-
(i) the Central Government, a State Government or any local authority;
(ii) a corporation, or authority, established by, or under, a Central, State, or Provincial Act;
(iii) any company, firm or co-operative society;and
(iv) an individual or a Hindu undivided family, if the total sales, gross receipts or turnover from the business carried on by him exceed the monetary limits specified in sub-section (1) of section 84 during the financial year immediately preceding the financial year in which the goods of the nature specified in column 2 of Table 6 against entry number (i) to (v).
