What is captive consumption?

Captive Consumption means the consumption of goods manufactured by one division and consumed by another division(s) of the same organization or related undertaking for manufacturing another product(s).

What does captive production mean?

n a group of consumers who are obliged through lack of choice to buy a particular product, thus giving the supplier a monopoly.

What is captive consumption in gst?

‘Captive Consumption’ means the consumption of goods manufactured by one division or unit and consumer by another division or unit of the same organization or related undertaking for manufacturing another product.

What is captive consumption cement?

According to the Cement Manufacturers’ Association, modern cement plants consume 68-93 units to produce a tonne of cement while the older ones use up 100-120 units. For most cement companies, power produced from coal-based captive plants is cheaper by up to Rs 2.50 a unit, giving them a huge saving in production cost.

Who is a captive?

plural captives. Definition of captive (Entry 2 of 2) 1 : one who has been captured : one taken and held usually in confinement Something there is in us that finds captivity captivating, particularly when the captives are prisoners of war.—

What is a captive firm?

A captive unit is a business unit of a company functioning offshore as an entity of its own while retaining the work and close operational tie ups within the parent company.

What is captive product pricing example?

Captive pricing happens when an accessory product is necessary to purchase in order to use a core product. Classic examples of this include products like razor blades for razors and toner cartridges for printers. This is also called by-product pricing.

What is captive product pricing explain with example?

Captive product pricing (CPP) is a pricing strategy used for products that have a core component and a number of enhancing accessories, also known as captive products. The captive product pricing strategy is developed in two steps, taking into account both the core product and the captive product(s), too.

Is ITC available on captive consumption?

ITC reversal not required when electricity is generated for captive consumption: AAR. Synopsis: In the matter of M/s Shri Keshav Cement and Infra Limited, the Hon’ble AAR, Karnataka has held that the Applicant is not required to reverse ITC on electricity generated and consumed captively for cement manufacture.

What is captive solar power plant?

A captive solar power plant refers to a solar power plant that has been implemented by a company for its own consumption. This means, the power generated by the solar power plant is consumed entirely by the developing company itself.

What is cas4 certificate?

Cost Accounting Standard 4 (CAS-4) was issued to specify the principles for determination of cost of production for valuation of goods meant for captive consumption, as required under the Central Excise Valuation (Determination of Price of Excisable Goods) Rules 2000.

What is captive breeding?

Captive breeding is the breeding of wild animals in places such as zoos, especially animals which have become rare in the wild.