Purchase of finished goods from principal - contract manufacture

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

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..... y 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 th .....

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..... e 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 .....

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

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