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we have a licence of manufacturing himachal pradesh, so can
we export raw material by purchase from our local vendor by
issue of form H to the local vendor ?
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sir if a bank declares NPA on one property and auctioned in bank auction even though the said subject is there in DRT and the Loanee got adverse order and filed the same with ADRT and got permitted to pay the amount and paid the amount to the Bank. sir now the question is will the loanee has to pay the interest to the bank during the NPA declared date to to the date of repayment of the Loan amount.
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Sir, I request you to please solve my problem as given below- One Corporate is having Manufacturing unit and Trading unit also. That corporate prepared joint Balance sheet & Profit & Loss account. As given below - Corporate 1 2 Manufacturing Unit Trading Division Annual Profit by sale of product Annual profit by sale of Product Manufactured with the help of out sourced from open market for Fixed Assets ( Land,Building,Plant & Rs.150 Crs and sold for Rs.200Crs. Machineries of Rs.100 Crs. Net Profit – Rs. 5 Crs. Net Profit -Rs. 50 Crs. Total Income by clubbing both - Rs.55 Crs. But – that Corporate can avail depreciation Rs. 5 Crs only and rest amount of depreciation may be forwarded to next year. Because depreciation is meant for actual uses of Fixed assets. Otherwise Corporate used to increase the value of assets by over billing just to get benefit of depreciation from the income . Income from trading may be manipulated easily but not from manufacturing.
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