Hi,
In subcontracting process, I understand the customer will have a value of material showing in their register while the subcontractor will have the physical quantity of material in hand but without valuation (ie: Non valuated) .
My client has this specific requirement that they want the material to be valuated with the subcontractor as well. is there any such solution to this ? I am a FI person, hence I am not able to understand how can anybody show stock of same material in both the balance sheet of two companies.
As per client they otherwise face excise related problems, the excise people ask for the assessable value for those goods also which are received for subcontracting. My client is both customer and the subcontractor also in here.
best regds
Subha