9.49
- Document type
- Policy
- Reference no.
- 00
- Dated
DEFINITIONS
DEFINITIONS
9.49
“Raw material” means:
(i) basic materials which are needed for manufacture of goods, but which are still in a raw, natural, unrefined or unmanufactured state; and
(ii) for a manufacturer, any materials or goods which are required for his manufacturing process, whether they have actually been previously manufactured or are processed or are still in a raw or natural state.