Glossary_J

Glossary of Tax and Trade Terms

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Job-lot:- Job-lot is a collection of odds and ends for sale as one lot. Normally these are goods of inferior quality. To cater to the needs of different customers a supplier varies specifications, colour schemes etc. It is a normal practice to produce slightly more than the order placed so that after rejection, damage etc. there is still enough quantity left to meet the demand of the customer. After selling the goods to a few buyers, the supplier has an assortment of goods with slight modification or differences. These when put into a lot are called "Job-lot" and are generally sold at low prices. [Pakistan Customs General Order]