Resale [Section 2(22)]
Resale means sale of purchased goods :
i) in the same form in which they were purchased or
ii) Without doing anything, which amounts to or results in manufacture.
For Eg. A trader buys notebooks and sells them as notebooks. These
transactions are resale. It should be noted that mere change in the physical
form in the packing of goods would not amount to manufacture.
What is Resale?
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