Raising of mfg invoice even if there is no plant and machine

Can a company raise a manufacturing invoice even if it does not have any Plant and Machinery mentioned as a asset in its Fixed Asset Schedule.

The company in reality uses the Plant and Machinery of one of its related company to manufacture the goods it sells

Replies (1)
Taking a practical approach, the related company must charge rent to this company for the plant and machinery to create substance and authenticity of goods sold. Otherwise it could pose problems.

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