Purchase of finished goods from principal - contract manufacture

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..... WE ARE A CONTRACT MANUFACTURE OPERATING UNDER LOAN LICENCE,CAN WE PURCHASE THE FG FROM OUR PRINCIPAL (PRODUCED ON BEHALF OF OUR PRINICPAL).IF YES,THEN HOW?CAN WE RAISE SELF INVOICE. - Reply By Surend .....

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..... er Gupta - The Reply = You mean, fist you would manufacture goods under loan licence on behalf of Principal and thereafter purchase such goods as independent buyer. Subject to the contrary in the lic .....

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..... nence terms and conditins, I am of the view there is no restriction under the tax laws about this proposition. - Reply By Jatinder Maan - The Reply = can we adopt this practise on routine basis.(i.e p .....

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..... urchasing from principal and selling to our customer after repacking).Will it be considered as manufacturing process. - Purchase of finished goods from principal - contract manufacture - Query Starte .....

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..... d By: - Jatinder Maan Dated:- 22-9-2009 Central Excise - Got 2 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxma .....

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..... nagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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