Explain Manufacturer with an Example??
wht is principal to principal basis???
1 Replies
MOHIT MAHAJAN
(LCS, ACA)
(2050 Points)
Replied 23 January 2008
in excise manufacturers are of 2 types
1. those who manufacture goods on their own
2. others who get the goods manufactured by hired labour.
if the relationship b/n person getting the work done and the person doing the work is master-servant or principal-agent then it is the case of hired labour however if the person who actually manufactures is independent then he himself is manufacturer; thus it is a case of principal to principal relationship.
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