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AV of imported goods - inclusion of packing & labeling costs


RSP based valuation of imported goods

Sir,
It seems that the proviso to Section 3 of the Customs Tariff Act,1975,read with notification issued under Section 4A of Central Excise Act,1944 provides for the valuation of imported goods on which it is mandated to declare RSP,for the purpose of levying CVD.

rrkothapally rrkothapally 21/08/2014

 
Re :RSP based valuation of imported goods

Sir, the labelling is required in case of goods are subjected to CVD on RSP. Since goods are coming in a unit container in packed condition already but without MRP label. Therefore, MRP is declared by the importer in India.I think the foreign supplier is not supposed to paste MRP on the goods to be sold in India. Re-packing is done only to the extent of declaring the MRP. Not the packing of goods in to some separate container altogether.

Instead there are instances where the MRP is declared very low but the selling price in the market is high. THe small gadgets coming from China. I bought one gadget which sits on the car sterio to play USB, MRP was Rs. 10/- but the selling price was Rs. 400/- negotiable upto 250/- and when I checked many other such items, similar story was there. Automobile parts, mobile phones, gadgets, electrical items etc which are sold on a lumsum price only in the market. CBEC should drive the ecercise of buying these products on sample basis from markets like Delhi, Mumbai and then catch those importers who are evading big amount of customs duties.

Arbind Aggarwal

Arbind Aggarwal 21/08/2014

 

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