TaxTMI 
TaxTMI 
TaxTMI 
DEFINITIONS
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....imported goods for manufacturing in his own industrial unit or manufacturing for his own use in another unit including a jobbing unit. 9.6 "Actual User (Non-Industrial)" means a person who utilises the imported goods for his own use in (i) any commercial establishment carrying on any business, trade or profession; or (ii) any laboratory, Scientific or Research and Development (R&D) institution, university or other educational institution or hospital; or (iii) any service industry. 9.7 "AEZ" means Agricultural Export Zones notified by DGFT in Appendix 8 of HBP v1. 9.8 Deleted 9.8.1 "Appeal" is an application filed under section 15 of the Act and includes such applications prefered by DGFT of....
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....t or the Rules and Orders made thereunder or under FTP. 9.14 "Component" means one of the parts of a sub-assembly or assembly of which a manufactured product is made up and into which it may be resolved. A component includes an accessory or attachment to another component. 9.15 "Consumables" means any item, which participates in or is required for a manufacturing process, but does not necessarily form part of end-product. Items, which are substantially or totally consumed during a manufacturing process, will be deemed to be consumables. 9.16 "Consumer Goods" means any consumption goods, which can directly satisfy human needs without further processing and includes consumer durables and accessories thereof. 9.17 "Counter Trade" means....
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....oduced or manufactured in India and subject to a duty of excise under Central Excise and Salt Act 1944 (1 of 1944). 9.26 "Exporter" means a person who exports or intends to export and holds an IEC number, unless otherwise specifically exempted. 9.27 "Export Obligation" means obligation to export product or products covered by Authorisation or permission in terms of quantity, value or both, as may be prescribed or specified by Regional or competent authority. 9.27.1 "FTP" means the Foreign Trade Policy which specifies policy for exports and imports under section 5 of the Act. 9.28 "Group Company" means two or more enterprises which, directly or indirectly, are in a position to — (i) exercise twenty-six per cent, or more of voting ....
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.... hotel chain and hotel being managed. Management contract must necessarily cover the entire gamut of operations/ management of managed hotel. 9.37 "Manufacture" means to make, produce, fabricate, assemble, process or bring into existence, by hand or by machine, a new product having a distinctive name, character or use and shall include processes such as refrigeration, re-packing, polishing, labelling, Re-conditioning repair, remaking, refurbishing, testing, calibration, re-engineering. Manufacture, for the purpose of FTP, shall also include agriculture, aquaculture, animal husbandry, floriculture, horticulture, pisciculture, poultry, sericulture, viticulture and mining. 9.38 "Manufacturer Exporter" means a person who exports goods manuf....
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....ich are required for his manufacturing process, whether they have actually been previously manufactured or are processed or are still in a raw or natural state. 9.49.1 "Regional Authority" means authority competent to grant an Authorisation under the Act / Order. 9.50 "Registration-Cum-Membership Certificate" (RCMC) means certificate of registration and membership granted by an Export Promotion Council/ Commodity Board/ Development Authority or other competent authority as prescribed in FTP or HBP v1. 9.51 "Rules" means Rules made by Central Government under Section 19 of the Act. 9.52 "Services" include all tradable services covered under General Agreement on Trade in Services and earning fr....