Sarweshwar Kumar Jhanwar (Sr.Manager Accounts) (31 Points)
29 November 2011We are manufacturer and traders also. our manufacturing product is excisable.Can i manufacturing and trading activity done in same premises.
Sunil Maheshwari
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 29 November 2011
Yes you can. There is no such restriction by law.
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 29 November 2011
if manufactured goods and trading goods are identical, then avoid trading from manufacturing premises, otherwise department will book the trading stock under manufacturing and duty liability will arise.
however for trading goods, you have to maintain seperate storage space and stock registers to distinguish that trading stock is not mixed up with manufacturing stock.
rrshukla
(commercial officer)
(29 Points)
Replied 14 February 2017
We are manufacturer and also want to traders . our manufacturing product is excisable.Can i trading with the same
CAclubindia
