TaxTMI 
TaxTMI 
Trading Purchase of Idetical Goods for Trading Sale
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....rading Purchase of Idetical Goods for Trading Sale<br> Query (Issue) Started By: - RAM SHARMA Dated:- 5-6-2014 Last Reply Date:- 8-6-2014 Central Excise<br>Got 2 Replies<br>Central Excise<br>Dear Expe....
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....rts,We are manufacturer and registered in central excise. Can we purchase Identical goods as a trading purchase for trading sale. Please advice.Thanks Reply By Pradeep Khatri: The Reply: Dear Ram, E....
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....arlier there was a requirement to get permission from the Jurisdictional Commissioner/Asstt. Commissioner/Addl. Commissioner or from Deputy Commissioner of the Central Excise for procurement of identi....
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....cal goods for trading purpose. But there is no need for the same. You would have to do following activities,namely:- * You would have to get the Trading Registration Certificate from Central Excise ....
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....Department. * Separate maintenance of books of accounts. * Remarking of area intending for trading activities. * Maintenance of Statutory Records as prescribed under CEA and Rules made thereunde....
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....r. Regards Team YAGAY & SUN (Management & Indirect Tax Consultants) Reply By Madhukar N Hiregange: The Reply: Normally trading permission is not provided for the same premises. Physical separatio....
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....n could be insisted on especially when credit is being passed on. At the time of audit there maybe more srcutiny.<br> Discussion Forum - Knowledge Sharing ....