In this Act, unless there is anything repugnant in the subject or context-

2(zd). "Sale Price" means the amount payable to a dealer as valuable consideration for the sale or supply of any goods and includes

(i) any amount charged for anything done by the vendor in respect of the goods at the time of, or before, the delivery thereof;

(ii) transport costs or freight, if any ;

(iii) trade commission, if any, by whatever name called ;

(iv) clearing, forwarding and handling charges, if any ;

(v) Insurance charges, if any ;

(vi) taxes or duties levied under any law for the time being in force(other than tax paid or payable under this Act) by whatever name called, if any ;

(vii) cost of packing, if any ; and

(viii) the amount received or receivable by the seller by way of non-refundable deposit, whether by way of a separate agreement or not, in connection with or incidental to or ancillary to, the said sale of goods:

Explanation - I. Where goods are sold on hire purchase or any system of payment by installments, the sale price of such goods shall be inclusive of insurance charges, interest and hire charges and such other charges related to hire purchase or any system of payment by installments.

Explanation-II. Where goods are sold by way of transfer of right to use such goods, the sale price thereof shall be the amount of valuable consideration received or receivable by the transferor for such transfer;