Raw Materials - Law Dictionary Search Results

Raw material

consumption on burning up is its quality and value as raw materials, Collector of Central Excise, New Delhi v. Ballarpur Industries Ltd.,

Raw materials, means goods used as the ingredient in the manufacture of … of electricity. [Gujarat Value Added Tax Act, 2003, s. 2(19)] Raw materials, ought to be construed in the sense of those basic

Processing

development, preparation or converting of material especially that in a raw state into marketable form, Saraswati Sugar Mills v. Haryana State … brings forth some change or alteration of the goods or material which is subjected to the act of processing. 'What is

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Manufacture

undergoing the process a distinct commercial commodity different from the raw materials comes into existence, Municipal Council v. M/s. Vraj Lal Manilal

Manufacturing purposes

us'. The word 'material' does not necessarily mean the original raw material, for a finished articles may have to go through … manufacture, according to its Dictionary meaning, means 'to work up materials into forms suitable for us'. The word 'material' does not

Goods

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 … very wide. The include all types of properties including consumables, raw materials, components etc. However, capital assets become capital goods when used

Consummation

709. A manufacturer also consumes commodities which are ordinarily called raw materials when he produces semi-finished good which have to undergo further … or value is added to goods which are used as raw materials and at every such stage the raw materials are consumed,

Consumption and use

In the manufacture of goods

the entire process carried on by the dealer of converting raw materials into finished goods. Where any particular process is so integrally … the entire process carried on by the dealer of converting raw materials into finished goods. Where any particular process is so intergrally

inventory

lease, or to be furnished under a contract for service, raw materials, work in process, or materials used or consumed in a … he or she has so furnished them or that are raw materials, works in process, or materials used or consumed in a

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