Imported items taxation

Hello,

We have a client who sells imported items(mostly sports shoes and Tracksuits). We just had his DVAT registration done.

He says that if he sells the goods below the printed price on the box of sports shoes and tracksuits i.e. import value he won't have to pay VAT on those goods.

I haven't heard about any such thing, but he says it's the common practise and every dealer of same occupation does the same in Market.

Is this correct? Please help

 

Replies (3)

hi

Sorry friend i have no idea about this , if u come to know , just share the knowledge friend ,

Saravanan

Doesn't sound right legally.

Well apparently DVAT deptt. has issued a notification exempting all imported items sold below Rs.300

Anyone else knows about this? If yes please try and provide a link to the notification

I tried to google it but couldn't find it

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 25 October 2026
Article Intern (CA Articleship)

Arpan Bohra & Co

Hyderabad

CA Inter

View Details
Company
Featured 27 October 2026
semi-qualified CA

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Final

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details