Loan license permission by central excise
This query is : Resolved
29 December 2016
Sir,
We are a manufacturer of pharma medicines and running our unit in special incentive zone in HImachal pradesh and availing central excise exemption under NT 49-50/2003. Now a company wants to work on loan license and want to use our factory premises for manufacturing of goods. What are the formalities by the central excise department for registration for a loan license.
We are a manufacturer of pharma medicines and running our unit in special incentive zone in HImachal pradesh and availing central excise exemption under NT 49-50/2003. Now a company wants to work on loan license and want to use our factory premises for manufacturing of goods. What are the formalities by the central excise department for registration for a loan license.
07 January 2017
Goods are manufactured by factory owner under brand name of loan licensees. In such case the loan licensee is not the manufacturer. If principal manufacturer are located in the exempted area then no need to take excise registration.
09 January 2017
But on the labels and cartons the name of the loan licensee will be printed as manufactured by ( detail of Loan LIcenseee) , TIN will be issued on the name of Loan Licensee , Drug License will be issued in the name of Loan Licensee and at the time of dispatch Bill will be made from Loan LIcensee's account.
Then if all the details of loan licensess will be mentioned on the statutory forms and Bills then how he is not covered in the term : MANUFACTURER" and why he is not liable under excise registration.
Then if all the details of loan licensess will be mentioned on the statutory forms and Bills then how he is not covered in the term : MANUFACTURER" and why he is not liable under excise registration.
09 January 2017
If principal manufacturer are paying excise duty at the time of manufacturing of the goods then loan licensee are exempt from paying excise duty. If you want to know in details then visit my profile.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Should I report my US salary for January, February, March in Schedule FA?
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
