Rsp products are liable for excise duty
This query is : Resolved
18 November 2013
HI All,
We want to import from China down below products
did our products comes under RSP products like Mobile Cell, PCB, HSg, etc
1) are they RSP products want to know
2) if no, excise duty is applicable
3) If yes, how much will be the excise duty
4) and if yes for excise duty and we put MRP stickers how much percentage we have to pay excise because while importing we are paying custom duty
plz assist me
Rgds,
9769035379
We want to import from China down below products
did our products comes under RSP products like Mobile Cell, PCB, HSg, etc
1) are they RSP products want to know
2) if no, excise duty is applicable
3) If yes, how much will be the excise duty
4) and if yes for excise duty and we put MRP stickers how much percentage we have to pay excise because while importing we are paying custom duty
plz assist me
Rgds,
9769035379
Arun Kumar Singh
(Expert)
20 November 2013
Rate of duty will be depend upon the classification of goods. If you have to cleared the goods under retail sale price then it will be count as a deem manufacture and ssi exemption will be available upto 1.5cr.
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