New business
This query is : Resolved
02 November 2012
sir,
suppose we are purchase Item A from outside india and CH no is 8502.1200 like Generator
now in india we are added some parts like battery , batery stand, enclosure and some other items
after this process we are saling this product in indian market company,
my question is when we are purchase this item than CHNos is 85021200, and when i m sale this item in market than this item is gone under same heading.
(as per my veiw some process is assembly in india ans some parts are mfg in india )
pl tell me is it trading or manufature process?
if mfg process than input CHNo & finishe CHN is same ? is it possible as per excise rules ?
andif we are trading this item than how to added value of extra material in this finished goods value ?
we are going to start business after three month but before theis three month we are saling this as it is import and sale to indian company
pl help me what can i do ?
joshi
suppose we are purchase Item A from outside india and CH no is 8502.1200 like Generator
now in india we are added some parts like battery , batery stand, enclosure and some other items
after this process we are saling this product in indian market company,
my question is when we are purchase this item than CHNos is 85021200, and when i m sale this item in market than this item is gone under same heading.
(as per my veiw some process is assembly in india ans some parts are mfg in india )
pl tell me is it trading or manufature process?
if mfg process than input CHNo & finishe CHN is same ? is it possible as per excise rules ?
andif we are trading this item than how to added value of extra material in this finished goods value ?
we are going to start business after three month but before theis three month we are saling this as it is import and sale to indian company
pl help me what can i do ?
joshi
U S Sharma
(Expert)
09 November 2012
better to bill in two parts, 1) for goods imported and sold 2) enclosures and fittings sold with 1)
this will avoid complications,
this will avoid complications,
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Ito add credit side of bank
- Employee secondment
- GSTR9 Annual Return
- LLP audit and disclosure
- GST ITC as per notification 12/2023- central tax
- IMS (import of goods) ITC related
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Applicability of tax on invoice
- Form 144 TDS Return Validation error
- Capital gain on commercial property and investment in residential property
- Import of Capital Machine
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
