Raw Material - Law Dictionary Search Results
Raw material
Matched in: Term Raw material
Raw materials
Matched in: Term Raw materials
Processing
the following meaning of the word 'process': 'to subject to some special process or treatment; to subject (especially raw material) to a process of manufacture, development of preparation for the market etc.; to covert into marketable form as … the following meaning of the word 'process': 'to subject to some special process or treatment; to subject (especially raw material) to a process of manufacture, development of preparation for the market etc.; to covert into marketable form as
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Manufacture
Excise and Sales Act, 1944, s. 35L(b)] The word 'manufacture' implies a change but every change in the raw material is not manufacture. There must be such a transformation that a new and different article must emerge having
Manufacturing purposes
'to work up materials into forms suitable for us'. The word 'material' does not necessarily mean the original raw material, for a finished articles may have to go through several manufacturing processes before it is fit and made
Goods
of sale, [The Gujarat Value Added Tax Act, 2003, s. 2(13)] Goods, Notification No. 123/81-CE exempted capital goods, raw materials, components, consumables etc. Compendiously known as 'goods' from pay-ment of basis excise duty and additional excise duty … kinds of movable property other than actionable claims newspapers, stocks, shares, securities or Government stamps and includes all materials, articles and commodities whether or not to be used in the construction, fitting out, improve-ment or repair of
Consummation
AIR 1961 SC 213 (217): (1961) 1 SCR 709. A manufacturer also consumes commodities which are ordinarily called raw materials when he produces semi-finished good which have to undergo further processes of production before they can be … 1961 SC 213 (217): (1961) 1 SCR 709. A manufacturer also consumes commodities which are ordinarily called raw materials when he produces semi-finished good which have to undergo further processes of production before they can be transformed
Consumption and use
AIR 1961 SC 213 (217): (1961) 1 SCR 709. A manufacturer also consumes commodities which are ordinarily called raw materials when he produces semi-finished good which have to undergo further processes of production before they can be … 1961 SC 213 (217): (1961) 1 SCR 709. A manufacturer also consumes commodities which are ordinarily called raw materials when he produces semi-finished good which have to undergo further processes of production before they can be transformed
In the manufacture of goods
Sales Tax Act, 1956 should normally encompasses the entire process carried on by the dealer of converting the raw material into finished goods. Where any particular process is so integrally connected with the ultimate production of goods that,
inventory
property leased or furnished, held for sale or lease, or to be furnished under a contract for service, raw materials, work in process, or materials used or consumed in a business or held for sale or lease … the items or classes of property b : aggregate value assigned to an inventory 2 : goods or materials held on hand: as a under the Bankruptcy Code : materials including personal property leased or furnished, held
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