Inform Trading activity toExcise deptt or it not compulsary
This query is : Resolved
Amit Prakash Singh
(Querist)
24 December 2010
We are manufacturing company ,but few year before we statrted Trading activity selling product as it is purchase from vendor under our brand name ( there is no alteration in by us after recive from vendor ,In trading product all (labeling packing etc.)is done by vendor we just provide only our Label and MRP list to Vendor)we sell on finish product as it is.
My problem is that it is necessary to inform trading activity toExcise department or it not compulsary ?
My problem is that it is necessary to inform trading activity toExcise department or it not compulsary ?
24 December 2010
You have to keep sepearted stock register for trading goods. It is not necessary to inform to deptt. You cannot keep the materil in Bonded warehouse.
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