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TMI BlogTrading Purchase of Idetical Goods for Trading SaleX X X X Extracts X X X X X X X X Extracts X X X X ..... Trading Purchase of Idetical Goods for Trading Sale X X X X Extracts X X X X X X X X Extracts X X X X ..... erts,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, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ident ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ical 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 thereund ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er. 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 separati ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on could be insisted on especially when credit is being passed on.
At the time of audit there maybe more srcutiny. X X X X Extracts X X X X X X X X Extracts X X X X
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