Dear Experts,
An assesse XYZ is manufacturing some goods and paying duty on clearance. Is it also possible for him to buy some other goods without any brand (different goods) from SSI manufacturer ABC under exemption , then just bring goods to his factory and fix his (XYZ's) own brand and sell the goods as boughtout goods without having to charge duty as the goods have been manufactured by ABC.
I understand that mere putting brand name is DOES NOT amount to manufacture. And,since SSI manufacturer ABC is not manufacturing goods in brand name belonging to another (as he is supplying finished/final product without any brand), he is also not required to pay duty.
Pl. clarify this interesting matter quoting relevent noti/rules/sections if possible
CAclubindia
