Tax Management India. Com
                        Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms Articles News
Highlights
D. Forum
What's New
Sub-Menu

Share:      

        Home        
 
Discussions Forum
Home Forum Central Excise This
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.

Submit new Issue / Query

← Previous Next →

Trading Purchase of Idetical Goods for Trading Sale, Central Excise

Issue Id: - 106881
Dated: 5-6-2014
By:- RAM SHARMA
Trading Purchase of Idetical Goods for Trading Sale

  • Contents
Dear Experts,We are manufacturer and registered in central excise. Can we purchase Identical goods as a trading purchase for trading sale. Please advice.Thanks

Posts / Replies

Showing Replies 1 to 2 of 2 Records

1 Dated: 5-6-2014
By:- Pradeep Khatri

Dear Ram,

Earlier 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 identical goods for trading purpose.  But there is no need for the same.  You would have to do following activities,namely:-

  1. You would have to get the Trading Registration Certificate from Central Excise Department.
  2. Separate maintenance of books of accounts.
  3. Remarking of area intending for trading activities.
  4. Maintenance of Statutory Records as prescribed under CEA and Rules made thereunder.

Regards

Team YAGAY & SUN

(Management & Indirect Tax Consultants)


2 Dated: 8-6-2014
By:- Madhukar N Hiregange

Normally trading permission is not provided for the same premises. Physical separation could be insisted on especially when credit is being passed on.

At the time of audit there maybe more srcutiny.


1

Old Query - New Comments are closed.

← Previous Next →

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Site Map - Recent || Site Map || ||