Transit Sales Exemption Eligible Only if Sale Occurred in Transit: Kerala HC

I. T. I. Ltd Vs State of Kerala (Kerala High Court)

In the legal case of I. T. I. Ltd versus the State of Kerala before the Kerala High Court, the issue centered around the eligibility of exemption for transit sales of goods purchased in 2001-02 but sold in 2002-03. The court reviewed the decision of the Tribunal, which concluded that the petitioner’s claim for exemption on transit sales was unsupported by the necessary documentation.

The Tribunal’s ruling was based on the requirement that sales in transit must be evidenced by statutory forms, specifically Form-E

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