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TMI Blog1987 (2) TMI 446X X X X Extracts X X X X X X X X Extracts X X X X ..... .N. Chari, Ms. Vrinda Grover, Ms. Sunita and W.A. Qadri, Advocates, for the respondent. -------------------------------------------------- The judgment of the Court was delivered by RANGANATH MISRA, J.-Special leave has been granted limited to the question as to whether insurance charges is a part of "turnover" under section 2(s) of the Andhra Pradesh General Sales Tax Act, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sit risk should be covered on their behalf. On the contrary, we noticed that the price charged by the appellants is f.o.r. destination price. The domain over the goods while the goods are in transit in such a case clearly vested and with the appellants, as under the terms of the contract the delivery is to be effected at the other end. In the circumstances transit insurance will form cost of the p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f the buyer. Before the Tribunal in the second appeal, as a fact it is found, the insurance premium was not paid at the behest of the purchaser............ The counsel for the company asserted that the facts recorded in the first appeal and the Appellate Tribunal are not correct................ To sum up, the amount collected by the company towards insurance charges was a sum charged by the comp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nbsp; (d).............." Inclusion of insurance charges for purposes of sales tax in three years being 1973-74, 1974-75 and 1975-76 is in issue in these appeals and the amounts involved are Rs. 22,716.92, Rs. 55,993.55 and Rs. 32,431.77 respectively. As a fact it has been found that the insurance charges were claimed in the bills of sale. That being the position, under clause (i) the amou ..... X X X X Extracts X X X X X X X X Extracts X X X X
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