Purchase of finished goods from principal - contract manufacture

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....urchase of finished goods from principal - contract manufacture<br> Query (Issue) Started By: - Jatinder Maan Dated:- 22-9-2009 Last Reply Date:- 25-9-2009 Central Excise<br>Got 2 Replies<br>Central E....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....xcise<br>WE ARE A CONTRACT MANUFACTURE OPERATING UNDER LOAN LICENCE,CAN WE PURCHASE THE FG FROM OUR PRINCIPAL (PRODUCED ON BEHALF OF OUR PRINICPAL).IF YES,THEN HOW?CAN WE RAISE SELF INVOICE. Reply By....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Surender Gupta: The Reply: You mean, fist you would manufacture goods under loan licence on behalf of Principal and thereafter purchase such goods as independent buyer. Subject to the contrary in the....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... licnence terms and conditins, I am of the view there is no restriction under the tax laws about this proposition. Reply By Jatinder Maan: The Reply: can we adopt this practise on routine basis.(i.e p....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....urchasing from principal and selling to our customer after repacking).Will it be considered as manufacturing process.<br> Discussion Forum - Knowledge Sharing ....