26 July 2010
pls tell me what should be the treatment of bought out items under central excise items if the items which one assesse is producing as finished product are purchased from outside and are cleared without any value addition and process.
pls note that the bought out item is the finished product that one is manufacturing and is cleared without any process and value addition i.e. it is a trading activity.
26 July 2010
sir product is under MRP rulings. i m giving u example for understanding:
suppose if a manuf is manfing pistons as finished product and also start buying pistons from outside and clear as such. whether is it allowed. whether these pistons to be shown in RG1 which i think should not be. whether trading license to be taken.
pls guide, what are the formalities to complete or what should be done.
CAclubindia
