Casting of metals

Casting of metals (ISIC 243) constitutes 'Manufacturing of goods or materials' under the Qualifying Activity framework. Forensic audit focus is on the Core Income Generating Activity (CIGA), specifically ensuring that the transformation of raw metal into casted forms occurs within the zone and that the entity bears the inventory risk and capital expenditure for the casting equipment.

Audit Red Flag

Re-characterization of 'Toll Manufacturing' as 'Own-Account Manufacturing' where the entity lacks the physical furnace/machinery assets to perform the casting.

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