We are formimg a JV Private Limited company with a European company. We will be importing adhesives (Excise Chapter code 35069190)& Sellimng it in India.
If we only relabel the glue bags, will it amount to manufactring. Our competitors have been importing from China/Taiwan, just leabeling 20kgs Glue bags (No re packing) & issuing excisable manufacturing invoice.
Can we do the same way.
Will we also get CENVAT of Special Additional Duty (SAD).