We are in manufacturing of turbine generator field.
Is it mandatory for maintenance of stock at WIP stage? If yes under which law.
We are maintaining stock register for FG movement, Job Work Movement and free issue materials but is it necessary to maintain stock register at WIP stage e.g., For manufacturing of Blade, we are using input as an iron bar and doing manufacturing activities and getting blades, the percentage of scrap loss will be 90%.
Expecting expert reply from the same field....
Advance thanks..
CAclubindia
