storage of semi-finished goods

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 November 2010 We are dealing in regulated market. for which initially we need to manufacture product and packed with plain packing material and register the product in respective countries. We treat these packed products as semi-finished because
1. These are not saleble products
2. Packing is with plain materials this means packing is not as per commercial requirement.

Can we store such semi-finished goods along with other finished goods which are for commercial purpose in Finished Goods Warehouse.

Rajesh Kumar

Rajesh Kumar (Expert)
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04 December 2010 The concept of bonded store room has been scrapped. You can store any material anywhere in a factory.
If however, is such goods packed in plain packing material are goods, which are cleared from your factory then these are finished goods for you. Finished goods for a factory is not necessarily something sold in the market, it is all such goods which are cleared from a factory.