I want to understand the exact meaning of penultimate sale?
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I want to understand the exact meaning of penultimate sale?
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It means sale by one local dealer to another who exports the goods.
In otherwords the local buyer is last in the chain and thereafter the goods are exported.
Meaning Of Penultimate
literally, pen-ultimate sale is the last sale made by the small dealer, who is not so competent to cause to export and dispatches goods to the exporter for selling those to outside the territory of India.
Thanx Alizeh (Y)