Custom duty on traded goods
This query is : Resolved
02 October 2011
We are importing badminton rackets from china to be sold on mrp basis .
we are advised to put mrp label on the rackets though cvd is not to be charged on mrp .
what is the maximum margin that i can have as a trader . if my assessable value is rs.1000 and my mrp is 6000 can the customs dept ask for justification of the mrp .
Also van the customs ask for cvd on mrp .
Aa per notification , cvd on my product is nil
narayanan
we are advised to put mrp label on the rackets though cvd is not to be charged on mrp .
what is the maximum margin that i can have as a trader . if my assessable value is rs.1000 and my mrp is 6000 can the customs dept ask for justification of the mrp .
Also van the customs ask for cvd on mrp .
Aa per notification , cvd on my product is nil
narayanan
31 October 2011
now please tell what is query??
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- Taxable or Tax exempt
- TDS Deducted AY-2013-14 Not Reflected in 26as
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- ADVANCE PAYMENT OF ADVOCATE
- NRI starting business in India
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- GST not cancelled by tenant
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
