Trading of raw material in manufacturing unit
This query is : Resolved
04 April 2014
R/Sir,
We are manufacturer of PAPER BAGS & not Registered in Excise. Our annual turnover of PAPER BAGS is less 130 Lacs. But now we have some order for sale of Paper Reels, which is our Raw Material. We also want to do TRADING of Paper from our firm WITHOUT ANY CHANGE IN PAPER.
We want to Know that our sale of Trading of Paper will be also including in exemption limit of 150 Lacs OR NOT.
IF WE CAN DO TRADING, PLEASE TELL US THAT THE SEPARATE BILL BOOK WILL BE NEEDED OR NOT.
Please reply.
Thanks in Advacnce.
We are manufacturer of PAPER BAGS & not Registered in Excise. Our annual turnover of PAPER BAGS is less 130 Lacs. But now we have some order for sale of Paper Reels, which is our Raw Material. We also want to do TRADING of Paper from our firm WITHOUT ANY CHANGE IN PAPER.
We want to Know that our sale of Trading of Paper will be also including in exemption limit of 150 Lacs OR NOT.
IF WE CAN DO TRADING, PLEASE TELL US THAT THE SEPARATE BILL BOOK WILL BE NEEDED OR NOT.
Please reply.
Thanks in Advacnce.
Arun Kumar Singh
(Expert)
04 April 2014
Trading activity will not fall under the manufacturing. so, trading value will not be count for the SSI exemption.
05 April 2014
SIR, IF WE CAN DO TRADING, PLEASE TELL US THAT THE SEPARATE BILL BOOK WILL BE NEEDED OR NOT.
Arun Kumar Singh
(Expert)
05 April 2014
Yes, Invoice book will be separate for trading activity.
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