Stock in Process definition

Stock in Process means Raw Stock which has undergone any ageing, seasoning, mechanical or other process of manufacture at the Insured's premises but which has not become Finished Stock.
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Stock in Process means “raw stock” which has undergone any aging, seasoning, mechanical or other process of manufacturing but which has not become “finished stock”.
Sample 1Sample 2Sample 3
Stock in Process. “raw stock” which has undergone any aging, seasoning, mechanical or other process of manufacture at the location(s) herein described, but which has not become “finished stock”;
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Examples of Stock in Process in a sentence

  • Stock in Process is valued at lower of cost or net realisable value.

  • Finished Goods and Stock in Process of Sugar - At cost or at net realisable value whichever is lower, the net realizable value of sugar in case of finished goods of stock of levy sugar, levy price notified by Central Government.

  • In case of Finished Goods and Stock in Process, it also includes manufacturing & related establishment overheads, depreciation etc.

  • Stock in Process : At Cost or Net realisable value, whichever is lower.

  • The cost of finished goods and Stock in Process comprises Raw material, Direct Material, Direct Labour, other direct costs and related production overhead upto the relevant stage of completion.

  • In case of Finished Goods and Stock in Process, it also includes excise duty (if applicable), manufacturing & related establishment overheads, depreciation etc.All the Spares, which are primarily meant to be used for capitalization (except consumables and maintenance stores), are considered as part of the Plant & machinery and shown accordingly.

  • The aim is to “make the injured party whole again”.Shri Talwar, explained that in India practice is to follow the Statutory Law i.e. the Acts passed by the Parliament or the State Legislatures.

  • Stock in Process is valued at raw material cost plus conversion costs as applicable or net realizable value, whichever is lower.

  • Inventories are valued as follows:Raw materials, components, stores and spares Stock in Process and Finished goods Lower of cost and net realizable value.

  • Rs. in Lacs) Particulars8.1 Working Capital Loans are secured by hypothecation of present and future stock of raw materials, Stock in Process, Finished Goods, Spares, Book Debts, Outstanding monies, receivables, claims, materials in transit etc.8.2 Term Loan from Banks :8.2.1 Term Loan from State Bank of India is collaterally secured by Equitable Mortgage of Factory Land and Building at R S No. 89 / 4A and 89 / 1, Katterikuppam, Mannadipet Commune, Pondicherry.


More Definitions of Stock in Process

Stock in Process means “raw stock” which has undergone any ageing, seasoning, mechanical or other process of manufacture at the “premises”, but which has not become “finished stock”.
Sample 1Sample 2Sample 3
Stock in Process means raw stock which has undergone any aging, seasoning, mechanical or other process of manufacture at the locations described but which has not become finished stock.
Sample 1Sample 2
Stock in Process means product ---------------- that has been removed from Raw Materials inventory and as to which the spinning and/or production process has begun and which has not been completed, tested and prepared for use as Raw Materials.
Sample 1

Related to Stock in Process

  • Work in Process means a Deliverable that has been partially prepared, but has not been presented to the State for Approval.

  • In process means the student has received at least one dose of the required immunizations and is waiting the minimum time interval to receive the additional dose(s).

  • Construction-in-Process means cash expenditures for land and improvements (including indirect costs internally allocated and development costs) determined in accordance with GAAP for all Properties that are under development or will commence development within twelve months from any date of determination.

  • Work in Progress means a Deliverable that has been partially prepared, but has not been presented to the State for Approval.

  • Registered in the System for Award Management (SAM) database means that—

  • Nursery stock means all domesticated or wild botanically classified hardy perennial or biennial trees, shrubs, vines, and other plants; cuttings, grafts, scions, buds, bulbs, rhizomes, or roots of any of these; and fruit pits. Nursery stock includes plants and plant parts for, or capable of, propagation, excepting field, vegetable, and flower seeds, corms, and tubers.

  • Registered in the System for Award Management (SAM means that–

  • Combination carrier means a ship designed to carry either oil or solid cargoes in bulk.

  • Construction in Progress means each Property that is either (a) new ground up construction or (b) under renovation in which (i) greater than thirty percent (30%) of the square footage of such Property is unavailable for occupancy due to renovation and (ii) no rents are being paid on such square footage. A Property will cease to be classified as “Construction in Progress” on the earlier to occur of (A) the time that such Property has an Occupancy Rate of greater than eighty percent (80%), or (B) one hundred eighty (180) days after completion of construction or renovation of such Property, as applicable.

  • Exfiltration means any unauthorized release of data from within an information system. This includes copying the data through covert network channels or the copying of data to unauthorized media.

  • Combination of vehicles means a truck or truck tractor and

  • Membrane filtration means a pressure or vacuum driven separation process in which particulate matter larger than 1 micrometer is rejected by an engineered barrier, primarily through a size-exclusion mechanism, and which has a measurable removal efficiency of a target organism that can be verified through the application of a direct integrity test. This definition includes the common membrane technologies of microfiltration, ultrafiltration, nanofiltration, and reverse osmosis.

  • Manufactured home park means any tract of land upon which three or more manufactured or mobile homes used for habitation are parked, either free of charge or for revenue purposes, and includes any roadway, building, structure, vehicle, or enclosure used or intended for use as a part of the facilities of the park. "Manufactured home park" does not include any of the following:

  • Cannabis waste means waste that is not hazardous waste, as defined in Public Resources Code section 40141, that contains cannabis and that has been made unusable and unrecognizable in the manner prescribed in sections 5054 and 5055 of this division.

  • Motorized wheelchair means any self-propelled vehicle designed for, and used by, a handicapped person and that is incapable of a speed in excess of eight miles per hour.

  • Process Wastewater means any water which, during manufacturing or processing, comes into direct contact with or results from the production or use of any raw material, intermediate product, finished product, by-product, or waste product.

  • Debtors in Possession means the Debtors in their capacity as debtors in possession in the Chapter 11 Cases pursuant to sections 1101, 1107(a), and 1108 of the Bankruptcy Code.

  • foreign main proceeding means a foreign proceeding taking place in the State where the debtor has the centre of its main interests;

  • Modular home means a modular unit as defined in Section 15A-1-302.

  • Automotive hard paste wax means an automotive wax or polish that is:

  • Manufactured Home Park or Subdivision means a parcel (or contiguous parcels) of land divided into two or more manufactured home lots for rent or sale.

  • Automotive Wax, Polish, Sealant or Glaze means a product designed to seal out moisture, increase gloss, or otherwise enhance a motor vehicle’s painted surfaces. “Automotive Wax, Polish, Sealant or Glaze” includes, but is not limited to, products designed for use in autobody repair shops and “drive-through” car washes, as well as products designed for the general public. “Automotive Wax, Polish, Sealant or Glaze” does not include “Automotive Rubbing or Polishing Compounds”, automotive wash and wax products, surfactant-containing car wash products, and products designed for use on unpainted surfaces such as bare metal, chrome, glass, or plastic.

  • Cemetery merchandise means merchandise described in section 4(1)(k)(i).

  • Palletized unit load means a MIL-STD-129 defined quantity of items, packed or unpacked, arranged on a pallet in a specified manner and secured, strapped, or fastened on the pallet so that the whole palletized load is handled as a single unit. A palletized or skidded load is not considered to be a shipping container. A loaded 463L System pallet is not considered to be a palletized unit load. Refer to the Defense Transportation Regulation, DoD 4500.9-R, Part II, Chapter 203, for marking of 463L System pallets.

  • Mobile food unit means a vehicle-mounted food service establishment designed to be readily movable.

  • Manufactured home means a structure, transportable in one or more sections, which is built on a permanent chassis and is designed for use with or without a permanent foundation when attached to the required utilities. The term "manufactured home" does not include a "recreational vehicle".