Need to proof that my products are getting manufactured by my firm.
20-Jul-2023 (In Corporate Law)
I am having rate contract with a research institute to supply lab consumables listed in my price list. but the institute is not giving me purchase orders now since 8 months my business is badly affected , they are asking me to justify the manufacturing of products of my price list is by my firm praveen scientific corporation. What are the maximum possible proofs and arguments i can present in front of committee.
You will have to show proof of manufature which means details of costs including manpower etc. There must be some proof in your taxation documents. Also please remember if prices have been agreed upon with the lab beforehand in a rate contract, they cannot now question or ask you to justify your prices. If that is so, then there is a breach on their part and a notice may have to be sent accordingly.
You need to submit the following documents:
1. Suppliers & Customer invoices of preceding 12 months
2. Proof of production (electricity bills, labour cost, fuel cost)
3. excise records
5. financial documents (showing earning and expenses)
6. bills of miscellaneous costs incurred towards production
1. Suppliers & Customer invoices of preceding 12 months
2. Proof of production (electricity bills, labour cost, fuel cost)
3. excise records
5. financial documents (showing earning and expenses)
6. bills of miscellaneous costs incurred towards production
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