Dear Members,
AS PER NOTIFICATION NO. 49/2008-C.EX. (N.T.) DATED 24/12/2008,
some items attract CVD on RSP based valuation of the items imported.
The general details is given below for the items.
-----------Custom Duty--------
1) CTH: 33051090
2) 10% Basic Custom Duty
3) 2% Edu. Cess
4) 1% Sec. & High. Edu. Cess
---------Other Duties-----------
5) 12% C.V.D
6) 2% Cex Edu.Cess
7) 1% Cex Sec. & High Edu. Cess
8) 4% Additional CVD/SAD
-------------------------------------
29.248% Total Duty Calculation
Assessable or CIF value of our goods is Rs.400000.
And the MRP/RSP on the individual product pcs is 200 each of total 6000 items.
1) How is the 35% abatement is applied or considered on RSP based items for duty calculation?
2) Also How the CVD will be attracted on RSP based items?
Kindly suggest & clear the doubt. Looking ahead for your advice.
I deeply appreciate your responses on this query.
Thank you!
CAclubindia
