Refund of special additions duty under notification no. 102/

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Querist : Anonymous

Querist : Anonymous (Querist)

06 May 2013 What does RSP ITEM in Bill of Entry stands for ?
Why duty paid on such items is to be excluded while calculating the amount of special additions duty refundable?
Pl answer.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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15 May 2013 In Budget 2001, Maximum Retail Price (MRP) based valuation for the purpose of levy of additional duty was introduced. In this the retail value marked on the input package after standard abatement is used to arrive at the whoesale as the base for application of additional duty. Now RSP (Retail Selling Price) is also used as the base for valuation.

for explain purpose read link after it if you have any query please ask.link is:

https://www.custadaindia.com/howtoUse.php

https://bangalorecustoms.gov.in/notice9.htm

Querist : Anonymous

Querist : Anonymous (Querist)

15 May 2013 Can we claim special additions duty paid on such items as refund?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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15 May 2013 in compliance of cbec NOTIFICATION 102/2007 DTD 14.09.2007 an exporter importer can apply for REFUND.

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