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CVD on MRP based Assessment - on Industrial Product (Custom)

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This query is : Open

Querist : Anonymous

( Querist )
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.



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