storage of semi-finished goods
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 November 2010
We are dealing in regulated market. for which initially we need to manufacture product and packed with plain packing material and register the product in respective countries. We treat these packed products as semi-finished because
1. These are not saleble products
2. Packing is with plain materials this means packing is not as per commercial requirement.
Can we store such semi-finished goods along with other finished goods which are for commercial purpose in Finished Goods Warehouse.
1. These are not saleble products
2. Packing is with plain materials this means packing is not as per commercial requirement.
Can we store such semi-finished goods along with other finished goods which are for commercial purpose in Finished Goods Warehouse.
Rajesh Kumar
(Expert)
04 December 2010
The concept of bonded store room has been scrapped. You can store any material anywhere in a factory.
If however, is such goods packed in plain packing material are goods, which are cleared from your factory then these are finished goods for you. Finished goods for a factory is not necessarily something sold in the market, it is all such goods which are cleared from a factory.
If however, is such goods packed in plain packing material are goods, which are cleared from your factory then these are finished goods for you. Finished goods for a factory is not necessarily something sold in the market, it is all such goods which are cleared from a factory.
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- MSME disclosure and disallowance
- EPF ECR NEW RULES Sep 17th 2026
- Taxation of crypto futures in India Fy 2026- 2027
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- 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
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
