2. Definitions

In this Act, unless the context otherwise requires-

(ll) "Sale price" means the amount of valuable consideration paid or payable to a dealer for any sale made including any sum paid or payable for anything done by the dealer in respect of the goods at the time of or before delivery thereof other than the actual cost of outward freight or delivery or the cost of installation when such cost is separately charged;

Explanation:- In the case of sale of goods warehoused in bonded warehouses appointed or licensed, under the Central Excise and Salt Act, 1954 or the Jammu and Kashmir Excise Act Samvat 1958, the sale price shall include the duties or payable under the aforesaid Acts in respect of such goods at the time of clearance of the goods from the bonded warehouses, whether such duties are paid or payable by or on behalf of the seller or by any person who clears the goods;