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sale to sister concern

This query is : Resolved 

09 June 2011 hi
can anybody let me know whther a manufacturing compay sale its product to its sister concern at the rate less than the rate to its another customers

plz let me know the full procedure of sale to sister concern

thx & regards

10 June 2011 In what context are you asking?
What do you mean by sister concern?
to answer your question correctly pl clarify the above. for further query pl refer suresh Jain at sureshjain.nj@gmail.com

10 June 2011 HI SURESH
SUPOSE THERE R TWO MANUFACTURING UNITS NAME "A" & "B" IN DIFFRENT STATES WITH UNDER THE SAME MANAGEMENT "A" IS SELLING THE FINISHED GOODS TO "B". "A" IS SELLING ITS RODUCT IN THE SAME STATE TO ANOTHER CUSTOMER ALSO. BUT "A" IS SELLING THE GOODS TO "B" AT LOWER PRICE THEN THE CUSTOMER. PLZ LET ME KNOW WHTHER THERE ANY PROVISION THAT A MANUFACTURING UNIT WILL NOT BE ABLE TO SELL THE PRODUCT TO ITS SISTER CONCERN AT THE LOWER PRICE THAN TO THE CUSTOMER

11 June 2011 Dear Anupam,

As per Central Excise Rule, If you selling the goods to sister concern, then Value of that goods should be more than ( Cost+10%), and dept will demanding you for CAS 4 (Cost Certificate)for that product.

Thanks



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