What are Goods?

Goods [Section 2(12)]
Goods means every kind of moveable property excluding newspapers, actionable
claims (debts), money, stocks, shares and securities or lottery tickets. It also includes
growing crops, grass and trees and plants, and all other things attached to or forming
part of the land, which are agreed to be cut before sale or under contract of sale.
The following are considered as goods :
(1) Live Stock such as goats and sheep
(2) Import license
(3) Intangible Assets like Goodwill, Patents, Trademarks, Software packages,
Exports permits, Technical Know-how, Copyrights, designs, SIM Cards used in
mobile phones, Franchise.
It may be noted that immovable property does not constitute goods. Further, sale of
newspapers is not sale of goods; but sale of old newspaper (sold as raddi) is sale of goods.