banner_ad

is addintional value required on trading from mfg unit

This query is : Resolved 
Profile Image

Profile Image

(Querist)
13 November 2009 i am associate with an engineering unit.....we mfg m/c and also provide services .........query is if i am selling part of machine which i hav purchased from some other vendor.....in this case is there any law ....that says additional value is required .....can"t i sell those part on my purchase rates
Profile Image

Vishnu Saboo

Profile Image

Vishnu Saboo (Expert)
15 November 2009 i don't think that there is any Law as such.
it can that u cann't sell the fresh material in lesser value than ur purchase value, if that is not in damaged condition.
Profile Image

Rahul Vora

Profile Image

Rahul Vora (Expert)
16 November 2009 Dear Ram,

There is no law as such that you have to add any value on the part of machine that you sell. This type of transactions are always business decisions and prudence. If a businessman thinks that to impress the customer, he will sell this part at the discount then also it is possible except that you have to take care for reversing the excise part involved
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details