How to differentiate Seized Goods with Semi-finished goods?
What is Seized Goods? How do Semi-finished goods work under GST regime? What are the difference between Seized Goods and Semi-finished goods?
Under GST system, the following information explains about Seized Goods and Semi-finished goods.
Section 67 of CGST Act, 2017 explains Power of inspection, search and seizure under GST.
Semi-finished goods are goods, such as partly finished goods, used as inputs in the production of other goods including final goods. A firm may make and then use intermediate goods, or make and then sell, or buy then use them.Semi-finished goods are also called Intermediate goods or producer goods
The details about Seized Goods and Semi-finished goods with simple language from GST terms have been mentioned in this web blog separately. We suggest you to read these articles on Seized Goods and Semi-finished goods, so as to enable you to have a clear idea on these GST terms.
For your immediate reference, we give below web links on Seized Goods and Semi-finished goods separately below. You may kindly read the below links to know more about Semi-finished goods and Seized Goods.
Seized Goods under GST
Meaning of Semi-finished goods
The above information easily explains about Semi-finished goods and Seized Goods.
We hope, you have satisfied with the difference between Seized Goods and Semi-finished goods explained above. Do you have different thought on difference between Semi-finished goods and Seized Goods?
Share below your thoughts about Seized Goods and Semi-finished goods
Learn Exports Imports Free, Click here
Click here to know GST rate of your goods or service
Refund of Input Tax Credit (ITC) of GST, FAQ
Refund of GST paid in India, FAQ
4 Conditions when applying for refund of Input Tax Credit (ITC) under GST
Difference between types of goods and services and types of GST
4 types of Goods and Services in India for GST rate
Difference between IGST on International goods and IGST on domestic goods.
How is IGST calculated under Imports?
How is IGST rate on imports treated?
GST and e-Commerce Business, FAQ
Definition of E-Commerce under GST
TDS under GST, Frequently Asked Questions
Does Interest attract on GST Tax payment delay?
Mechanism of Payment of GST tax in India
What is Threshold limit under GST
Meaning of Impact of GST on logistics sector
Liability in case of amalgamation or merger of Companies under CGST Means
When can an exporter release bill of lading from shipping company?
When does exporter get EP copy of shipping bill after customs clearance
Procedure for Central Excise Clearance Under Claim of Rebate
Procedure to claim Duty Drawback
Procedures and documentation on Triangular shipments
Procedures for Re-imports
How to export from Central African Republic?
How to Import to Central African Republic?
How to import to India from Central African Republic?