04 January 2010
We are trading office ( Branch office of Foreign company in India ) & approved by RBI. We have imported under HS code 3506 material in packing starting 25 kg & above from our associate / sister company aboard. We are told by CHA that we will have to pay CVD on MRP based assessment & abatement rule says it is 35% of MRP ( MRP based CVD see notification 14/2008-CE dated 1-3-08). Ours is product for Industrial Use and will be used as a raw material by manuafcturing industry. It is not a product for retail sale. I need a clarification on whether we need to pay CVD on MRP? . Second , if we pay then under Standard weights & measure act ( SWMA)we will need to print MRP ( it will create complication here then) . Under SWMA our product does not follow within retail sale product . Can anyone guide me how to go about with customs on this.