Change in duty
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 July 2012
MY FIRM HAD PURCHASED THE GOODS FROM OUTSIDE INDIA AND IT HAD BEEN IMPORTED INTO INDIA AND LANDED AT THE PORT ALSO DUTY HAD BEEN DETERMINED ON THAT NOW WE BOOKED THE GOODS AT $7.7/KG AT THE TIME OF PURCHASE BUT WHEN IT REACHED TO INDIAN PORT THE DUTY WAS DETERMINED ON THAT BASIS BUT AFTER THAT WE MADE NEGOTIATION FOR THAT GOODS DUE TO DECLINE IN THE RATE OF THAT PRODUCT INTO INDIA AND THEY DECIDED TO MAKE IT TO $7.2/KG NOW WHETHER DUTY CAN BE REDETERMINED ON THE BASIS OF $7.2/KG OR NOT SO THAT WE CAN PAY THE DUTY ON THE BASIS OF THE ORIGINAL INVOICE AMOUNT BECAUSE WE ARE GOING TO MAKE THE PAYMENT TO THE FOREIGN PARTY AT $7.2/KG AND THE DUTY BEING DETERMINED AT THE RATE OF $7.7/KG.
Amol S Joglekar
(Expert)
16 July 2012
It will be very difficult for you to convince the CUSTOMS people. You need to resort to CUSTOMARY ways and means.
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