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
RAMESH KUMAR VERMA
(Expert)
31 October 2011
now please tell what is query??
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