Value Added Products - Law Dictionary Search Results
Value added products
Matched in: Term Value added products
Value added tax
Matched in: Term Value added tax
value-added tax
Matched in: Term value-added tax
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Biological resources
Biological resources, 'biological resources' means plants, animals and micro-organisms or parts thereof, their genetic material and by-products (excluding Value Added Products) with actual or potential use or value, but does not include human genetic material. [Biological Diversity Act, 2002
Consummation
before they can be transformed into consumers' goods. At every such intermediate stage of production, some utility or value is added to goods which are used as raw materials and at every such stage the raw materials … 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 into consumers' goods. At every such intermediate stage of production, some utility or
Consumption and use
before they can be transformed into consumers' goods. At every such intermediate stage of production, some utility or value is added to goods which are used as raw materials and at every such stage the raw materials … 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 into consumers' goods. At every such intermediate stage of production, some utility or
Jute-mill
of 1948) which is engaged wholly or in part in the manufacture of jute products. [The West Bengal Value Added Tax Act, 2003, s. 2(21)]
Raw materials
of the goods so manufactured but does not include fuels for the purpose of generation of electricity. [Gujarat Value Added Tax Act, 2003, s. 2(19)] Raw materials, ought to be construed in the sense of those basic materials … Raw materials, ought to be construed in the sense of those basic materials which are required for the production of finished articles which the manu-facturer manufactures and not in the sense of unmanufactured materials or materials in
Goods
the land which are agreed to be severed before sale or under the contract of sale, [The Maharashtra Value Added Tax Act, 2005, s. 2(12)] Means all kinds of movable property (not being newspapers or actionable claims or … were brought directly in to the factory of the licensee and were 'used in the manufacture of the products' to be exported reading the notification in entirety, therefore, two stipulations have to be fulfilled, namely, removal of
Salary or wages
or deferred payment or other valuable considera-tion but does not include a mortgage, hypotheca-tion, charge or pledge. [Maharashtra Value Added Tax Act, 2002, s. 2(24)] Means a sale of goods made within the State for cash, deferred payment … and includes an agreement for sale, and offer for sale and exposure for sale. [Cigarettes and Other Tobacco Products (Prohibi-tion of Advertisement and Regulation of Trade and Commerce, Production, Supply and Distribution) Act, 2003, s. 2(m)] Sale.
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