Removal bearing to after market.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 July 2016
Dear Sir / Madam
We are atomotive parts and bearing manufacturer.At present all goods are remove in DTA to OE customer only and there is no need to follow rule of MRP.But,some item are lying with us since 4 year which were produce against our one abroad customer.These item we have to remove to after market i.e trader in DTA.Please advice that which valuation procedure we have to follow.
Thanks,
Rajesh Dave.
We are atomotive parts and bearing manufacturer.At present all goods are remove in DTA to OE customer only and there is no need to follow rule of MRP.But,some item are lying with us since 4 year which were produce against our one abroad customer.These item we have to remove to after market i.e trader in DTA.Please advice that which valuation procedure we have to follow.
Thanks,
Rajesh Dave.
Arun Kumar Singh
(Expert)
04 August 2016
This product will be cleared under valuation of section 4 of the central excise act. No need to clear these goods under MRP provision. The duty will be payable on transaction value of the goods.
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