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
Arun Kumar Singh
(Expert)
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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