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PROCEDURE AND RECORD MAINTAIN OF LOAN AND LICENCE BASIS JOB WORK

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..... DEAR SIR, WE ARE NOW GOING TO LOAN AND LICENCE BASIS JOB WORK FOR MANUFACTURING OF PHARMA PRODUCTS.PLEASE HELP WHAT WE HAVE TO FOLLOW PROCEDURES AND RECORD MAINTAINANCE FOR THAT JOB WORK. .....

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..... NANDANROY - Reply By Naveed S - The Reply = 1) Under Drugs and Cosmetics Act, the scheme of loan licensee is permissible and the concept of manufacturer as stipulated under the Central Excise Act .....

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..... also covers such licensees being treated as manufacturers. 2) Application for loan licence to be made under Rule 138-A of the Drugs and Cosmetics Rules, 1945. 3) Prior Intimation to be given t .....

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..... o the excise department. 4) regarding excise, raw material received from loan licensee to be strored separately and clearances to be effected on payment of excise duty and to be shown separately i .....

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..... n ER 1 returns. 5) Separate register for receipt and disposal of raw materials and goods manufactured to be maintained. 6) The production should be strictly in accordance with the input outou .....

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..... t norms. 7) Prior agreement with the loan licesee is must. - PROCEDURE AND RECORD MAINTAIN OF LOAN AND LICENCE BASIS JOB WORK - Query Started By: - nandankumar roy Dated:- 21-4-2012 Central E .....

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..... xcise - Got 1 Reply - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia. .....

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..... com - TMI - TaxTMI - TMITax .....

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