Job work v/s loan license
This query is : Resolved
02 February 2013
What is Loan licence, Loan licensee & Loan licenser? And what is the difference between Job work and Loan license? From these who is actual manufacturer for tax point of view?
Arun Kumar Singh
(Expert)
12 February 2013
In drug industry, the practice is that a person having drug licence supplies raw material to another person having manufacturing facility. Goods are manufactured by factory owner under brand name of loan licensees. In such case the loan licensee is not the manufacturer.
Jobwork is deferent from loan licensee.
Jobwork is deferent from loan licensee.
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