TaxTMI 
TaxTMI 
PROCEDURE AND RECORD MAINTAIN OF LOAN AND LICENCE BASIS JOB WORK
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....ROCEDURE AND RECORD MAINTAIN OF LOAN AND LICENCE BASIS JOB WORK<br> Query (Issue) Started By: - nandankumar roy Dated:- 21-4-2012 Last Reply Date:- 22-4-2012 Central Excise<br>Got 1 Reply<br>Central ....
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....Excise<br>DEAR SIR, WE ARE NOW GOING TO LOAN AND LICENCE BASIS JOB WORK FOR MANUFACTURING OF PHARMA PRODUCTS.PLEASE HELP WHAT WE HAVE TO FOLLOW PROCEDURES AND RECORD MAINTAINANCE FOR THAT JOB....
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.... WORK. NANDANROY Reply By Naveed S: The Reply: 1) Under Drugs and Cosmetics Act, the scheme of loan licensee is permissible and the concept of manufacturer as stipulated under the Central Excise Ac....
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....t also covers such licensees being treated as manufacturers. 2) Application for loan licence to be made under Rule 138-A of the Drugs and Cosmetics Rules, 1945. 3) Prior Intimation to be given to th....
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....e excise department. 4) regarding excise, raw material received from loan licensee to be strored separately and clearances to be effected on payment of excise duty and to be shown separately in ER 1 ....
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....returns. 5) Separate register for receipt and disposal of raw materials and goods manufactured to be maintained. 6) The production should be strictly in accordance with the input outout norms. 7) ....
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....Prior agreement with the loan licesee is must.<br> Discussion Forum - Knowledge Sharing ....