Assembling materials is applicable for excise
This query is : Resolved
22 June 2013
hi
I want to buy materials from china like battery cell, PCB, Hsg, etc from china and after that i want to assemble those materials to make it finished product as Complete battery not manufacturing in india only assembling so there is excise on it plz advise so i can proceeed. and also i can show wages on that in income tax
I want to buy materials from china like battery cell, PCB, Hsg, etc from china and after that i want to assemble those materials to make it finished product as Complete battery not manufacturing in india only assembling so there is excise on it plz advise so i can proceeed. and also i can show wages on that in income tax
24 June 2013
Assembly of various parts and components may amount to manufacture if new product emerges, which is movable and marketable.
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