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FOB and Debit Notes for the same product.

This query is : Resolved 

09 July 2009 Hi,

We are importers of Ladies Apparals. We pay the duty for the product on the FOB. Now we have added some collar tags and other tags on to the product from the manufacturing end itself.

Can the manufacturing company raise a separate debit note for these tags or should it be included in the FOB of the product itself. If the cost of these tags are added to the product we might be needed to pay extra duty. Is it legal to raise a debit note. If it is considered as a customs duty evasion i would like to know what will be the penalty.

Thanks
Arun

18 July 2009 Yes. In Bill of Entry this detail of debit note should be added in value of goods.


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