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E-1 Sale w/o knowledge of Consignor.

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..... Refer to SAle in transit. Kindly confirm can a buyer further endorse the doc for sale in transit w/o knowledge of Consignor. for Example : A despatch the goods to B, during movment of goods B further endorse the LR to C w/o knowledge of consignor , as at the time of despatch there was no such intention of Buyer. Now B is asking for E-1 form ready to provide the C- form , also B has received th .....

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..... e C form from C. B has completed all the formalities of SAle In transit. but Only he has not taken the consent of Consignor. your expert advice is required on the issue. Regards.......Vikas Kapoor - Reply By Pradeep Khatri - The Reply = Goods can be moved by endorsing the documents of title upto the extent of form E-II. Hence there is no requirement of obtaining the consent of the consi .....

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..... gnor. - Reply By Rangarajan D V - The Reply = There is no requirement to obtain the consent of the seller i.e. consignor when such goods are sold in transit. The very purpose of Sec.6(2) of the CST is to avoid multiple interstate tax and hence very much complies with the said section. And the example stated by you clearly depicts what is stated in the Section qualifying the transaction as an .....

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..... Transit sale against Form E1. Regards Rangarajan DV - Reply By VIKAS KAPOOR - The Reply = Dear Mr Khatri Rangarajan That is fine that all the documentation are in place, but just to confirm , if suddenly ( after some months/year) somebody asks for the E-1 Form , which was not aware to the consignor. how he will process the docs to the VATO for E-1 forms after a year or so from his sales .....

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..... tax Return Regards..Vikas Kapoor - E-1 Sale w/o knowledge of Consignor. - Query Started By: - VIKAS KAPOOR Dated:- 31-3-2012 Value Added Tax - VAT-CST - Got 3 Replies - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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