Trading from Manufacturing Unit
This query is : Resolved
19 March 2011
Hello,
We are a Manufacturing Unit registered under Central Excise. We have some excisable raw-materials lying ideally in stock since some now. We want to sell these materials off and we have a excise-registered buyer ready to buy them. So how can we sell the raw materials to new buyer and pass-on the excise to him. Also do we need separate Invoice Book to make such invoices.
Also, we are looking to trade in that are manufactured by us. Meaning, we are manufacturing pipes but we are being offered pipes at a lower price than our own production cost. So we are planning to buy the pipes and want to sell it under our own Invoice. So is this possible for the manufacturing unit to buy the finished goods directly and sell it after remarking it as our own.
Awaiting your expert opinion on this one.
Thank you in advance.
We are a Manufacturing Unit registered under Central Excise. We have some excisable raw-materials lying ideally in stock since some now. We want to sell these materials off and we have a excise-registered buyer ready to buy them. So how can we sell the raw materials to new buyer and pass-on the excise to him. Also do we need separate Invoice Book to make such invoices.
Also, we are looking to trade in that are manufactured by us. Meaning, we are manufacturing pipes but we are being offered pipes at a lower price than our own production cost. So we are planning to buy the pipes and want to sell it under our own Invoice. So is this possible for the manufacturing unit to buy the finished goods directly and sell it after remarking it as our own.
Awaiting your expert opinion on this one.
Thank you in advance.
24 March 2011
Yes, you can sell this raw material to other, simply, you make a invoice and pass the excise proportionately,
Thanks
Thanks
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
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- GST Reverse
- Clarification regarding Import E-way bill transaction type // Regular or Bill from Dispatch From
- Sale of Equity shares for Purchase of Residential Property
- RCM and FCM
- Two seprate Invoice needed
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- ASISSE return under the provisions of the Collection of Statistics Act, 2008 (7 of 2009)
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
