Hello,
We are exporter of pharmaceutical products. We purchase raw material from suppliers but don't bring it to our own place.Supplier gives delivery directly to third parties. We get products manufactured from these third parties under loan licence agreement.
My query is whether we have to file ITC-04 or not considering following
points
1) As goods directly move from suppliers to our loan licencee party we don't prepare any delivery challan.
2) We receive only invoice from suppliers with GST.
3) Third party (loan licencee)supplies finished goods with labour charges invoice.
4)Finished goods receive from third party is totally in different form than raw material supplied.
Thus it is very much difficult to prepare ITC-04 to us. Can any one explain.
Why such a kind of actual problems do not respond on such a big forum?
CAclubindia
