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.
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
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- ASMT-10 received from A O
- ITR-3 File/Error Found
- Difff in ais receipts and gst turnover
- ITR-Capital Gain
- Rental income of jointly held property
- Loss of interest in PF transfer from EPFO to Trust
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
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
