Re cvd
This query is : Resolved
Er. jayendra Mokana
(Querist)
08 September 2013
Dear Sir,
If i import a testing device for resale in india. can i get a 4% CVD benifits if a exporter paste a MRP tag on device in INR.
If i import a testing device for resale in india. can i get a 4% CVD benifits if a exporter paste a MRP tag on device in INR.
RAMESH KUMAR VERMA
(Expert)
09 September 2013
https://www.cbec.gov.in/customs/cs-act/notifications/notfns-2k7/cs102-2k7.htm
Rama Krishnan
(Expert)
10 September 2013
DEAR JYENDRA,
1. SAD EXEMPTION 4% APPLICABLE ONLY WHEN THE GOODS IMPORTED ARE FOR RETAIL SALE & UNDER LMPC RULE IT IS REQUIRED TO DECLARE MRP
2. SAD REFUND CAN BE AVAILED, IF THE GOODS IMPORTED IS SOLD AS IT IS ON PAYMENT OF APPLICABLE SALES TAX.
MACHINERY IS NOT AN ITEM WHICH ARE SOLD IN RETAIL, SO YOU CANNOT AVAIL UPFRONT SAD EXEMPTION, BUT YOU CAN AVAIL SAD REFUND POST SALE OF GOOD WITH APPLICABLE SALES TAX
1. SAD EXEMPTION 4% APPLICABLE ONLY WHEN THE GOODS IMPORTED ARE FOR RETAIL SALE & UNDER LMPC RULE IT IS REQUIRED TO DECLARE MRP
2. SAD REFUND CAN BE AVAILED, IF THE GOODS IMPORTED IS SOLD AS IT IS ON PAYMENT OF APPLICABLE SALES TAX.
MACHINERY IS NOT AN ITEM WHICH ARE SOLD IN RETAIL, SO YOU CANNOT AVAIL UPFRONT SAD EXEMPTION, BUT YOU CAN AVAIL SAD REFUND POST SALE OF GOOD WITH APPLICABLE SALES TAX
RAMESH KUMAR VERMA
(Expert)
10 September 2013
the link also provided by me say .
agreed with expert.
agreed with expert.
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