02-17-2009, 03:26 AM
Thanks.
I am confused! Importing zips and then colouring zips and some more minor work before it could be sold on to the local buyers...............would one regard that as manufacturing? Also, let's assume that Company ABC is an AOP, would that change the facts?
You also said that ABC can collect exemption certificate..........I don't think they will qualify for an exemption certificate because paying advance tax @ 2% on imports is seperate to the 3.5% advance tax collected by local purchasers.
I am confused. Please explain how this all works. Facts are
Scenario 1 - ABC is an AOP
Scenario 2 - ABC is a company
Also try and explain what "manufacturing" technically is and what difference will it make if ABC manufacture zips or just buy and sell zips.
Extremely sorry, but I need some clarification.
Thanks,
Imran