Question
A petty food manufacturer is someone who has a tiny
food business with an annual turnover not exceedingSolution
“Petty Food Manufacturer” means any food manufacturer, who (a) manufactures or sells any article of food himself or a petty retailer, hawker, itinerant vendor or temporary stall holder; or distributes foods including in any religious or social gathering except a caterer; or (b) such other food businesses including small scale or cottage or such other industries relating to food business or tiny food businesses with an annual turnover not exceeding Rs 12 lakhs and/or whose  (i) production capacity of food (other than milk and milk products and meat and meat products) does not exceed 100 kg/ltr per day or (ii) procurement or handling and collection of milk is up to 500 litres of milk per day or (iii) slaughtering capacity is 2 large animals or 10 small animals or 50 poultry birds per day or less.
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Total assets = 85500
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Bonds payable =...
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