yashsr (CA) (2285 Points)
23 May 2013Hello
An Indian firm has registered one brand in India. This firm wishes to import some product from China in packed form where by mrp will be declared on it and also name of manufacturer and importer name will be mentioned.
The issue is that brand under which we wish to import is not registered in China, so is it possible to import it. Further will excise be applicable in India?
Arun Kumar Singh
(GST Advocate)
(15188 Points)
Replied 24 May 2013
Importer will do any activity amounts to manufacture or production of goods then excise duty will be applicable. At the time of import of goods CVD and SAD will be applicable under the classification of the goods. No issue that your brand is registered or not.
"Live Course on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
