banner_ad

Can we do that trading of exempton based area goods

653 views 5 replies

 

Dear All Expert

We purchase exmpted good from Parwanoo,Himachal (Excise Exemption based Area) in delhi and doing trading of that material without excise becuase it is exempted good ( under notification no 49/50/2003) .We sell material as it is reciept  

 

Can we do that trading plz rply urgently

 

Thanx in advance

Replies (5)

There is nothing illegal in trading area based exempted goods .

you just have to maintain seperate stock inventary and issue seperate invoice ( seperate series of commercial invoices preferred) for such goods, as common invoice for your own excisable goods and exempted traded goods will lead confussion for accounts and audit. 

Dear sir

We are sending Packing material like cartoon box,labels for that trading good to manufacture of that good .Can we do this and it is necessary to manufacture name on label or "marketed by " is ok for it.

Sir we have old stock of trding not saleable on which only " Marketed by" is mention not manufacture name.Is it create problem for us .

Thanx in advance

Originally posted by : Amit Prakash Singh

Dear sir

We are sending Packing material like cartoon box,labels for that trading good to manufacture of that good .Can we do this and it is necessary to manufacture name on label or "marketed by " is ok for it.

Sir we have old stock of trding not saleable on which only " Marketed by" is mention not manufacture name.Is it create problem for us .

Thanx in advance

seperate stock books and seperate accounts / records for trading goods is the good solution for such cases.  

The identification mark of the manufacturer is essential to prove that the said product is not manufactured by your own company.

Further if the same produt is being manufactured in the brand owned by your company then also it will invite litigation.

The storage area of such trading goods should also be demarked and intimated to your range office.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details