Dear Friends,
We have two Factories, unit-I & unit-II, in different two places. directors are common, Finished goods are same, Balnce sheet are same. whether this two units are to be treated as related unit. As because when we want to send Semi finished goods from one unit to another then we have to take cost account certificate from CA, under CAS-4.What is the status. In manual conception is not clear.
yes the factories will be related and semi-goods sent from one factory to another will be valued @ 110% of cost under rule 8 as Captive Consumption of Excise Valuation Rules, 2004
Fytomax Nutrition Private Limited
Aurangabad
CA Inter
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Varma Raja & Associates
Thrissur
CA Inter
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Abic and Mani Chartered Accountants
Kottayam
B.Com
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CCI
Pro
CAclubindia
