Is custom duty charged on mrp in housekeeping chemicals?

161 views 3 replies

siddharth potdar

Owner

25 Points Joined May 2016

Dear all,

I am importing Houskeeping chemcials like hand wash, floor cleaner, bathroom cleaner, air freshner etc. from China they are non acidic and are eco friendly. My question is that:

Do i have to write mrp on the bottles? and if i have to write then will the custom duty be charged on the MRP or on my purchase price? Please help this is very important for me. I cannot understand anything on the net.

Thanks

Siddharth

Replies (3)

Ajit Hegde

CA - Final

1367 Points Joined September 2009

refere section 3 of the customs act. refer this link https://www.custada.in/CUSTADA-Online/document/document/MRP_BASED_ASSESSMENT.htm

siddharth potdar

Owner

25 Points Joined May 2016

Thank you mr.Hegde for your reply. Appreciate your help. But can you please tell me wether the goods i am importing does actually fall under the MRP cvd??

Thanks

Siddharth

Ajit Hegde

CA - Final

1367 Points Joined September 2009

Prima facie it is not directly covered under the schedule. Nevertheless it is pertinent to note that The measure is designed to hit the import of consumer goods.
Excise duty on the same domestic goods (among others) is also levied on the basis of MRP. (On other goods, excise may be levied on the basis of the so-called assessed ex-factory value). Imports are, in this respect, treated in just the same way as Indian products.
An important amendment made in section 3 relates to the valuation (for the purposes of additional duty) of packaged commodities imported into India. In the case of such goods the value would be computed on the basis of their maximum retail price in India. Please provide the tarrif codes of your products. I will try to find out whether they are covered