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
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
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
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
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
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
- STCG....................................................
- Supply through E-commerce Operators
- Sales return eway bill
- TAN for Partnership
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- E way bill for tractors
- STCG FOR GOLD ETFs
- Specified Profession
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
