what is the concept of CAS4 certificate and we are a Manufacturing unit of billets. That billets are sale to our group concern. now our partnership firm- manufacturing unit in union territory. our group concern in tamilnadu. excise audtiting ask CAS4 certificate. Please we are eligible to issue CAS4 CERTIFICATE or need not to issue.
If ant manufactured article is consumed in final product or is transferred to any related party then it has to be valued at Cost + 10% and the same has to be certified by a practicing Cost Accountant. In your case also U need to get the material transferred certified as per CAS-4.
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