Maximum retail price with Excise & Customs impact

We are doing two types of sales like Enterprises and Channels. As per the latest development that our Channels partner insisted us to supply the UPS systems with MRP label.
Now, we have to review the Purchase, Packing & MRP labeling, Import Clearance and supply procedures. For which we need guidance to plan the future Operations.
Current Operation Methodology:- Import from Italy/France and stock at Chennai WH and Invoice & Dispatch to End customers in INDIA.
We need your guidelines in the following areas :-
1)      What are the pre-cautions to be considered while Purchase.
2)      While Import how to file B/E with Customs and duty payment
3)      While dispatch how to invoice and any additional marks to made on Packages
4)      How to differentiate Regular Imports and MRP import while B/E filing
5)      Under which Customs Acts - MRP transaction
6)      Since we have sales of same product under Enterprise and MRP sale. How it will be treated by Sales tax and Excise/Customs in terms of Local and Duties.

I need a wholesome opinion in this regard, ready for paid opinion too.

Kindly let me know,

Divya

Company Secretary

+91 98412 14943

learnlabz @ gmail.com

Certain products attarct Central Excise Duty on the basis of their Maximum retail price. For those products alternation/affixing of retail sale price amounts to deemed manufacture, and attract Central Excise duty. Probably, for this reasons your sales channels have aksed for supply of UPS with affixed MRP, for they want to avoid any problem with central excise authorities.

When goods are imported, CVD is required to be paid, equal to central excise duty charged on like products manufactured in India. Thus if you will be importing with MRP affixed, the value for the purpose of CVD claculation may be based on MRP.

You want to take your goods after import to chennai warehouse. I dont know if it is custom bonded warehouse, but based on your words, it appears that it is not your bonded warehouse. You may import the goods without MRP, and affixed MRP in your warehouse- just it has to be examined if the activity attarcts the definition of deemed manufacture.

The isues you want to examine is serious, and affect the duty structure on your products. It is wrothwhile to take a paid opinion on the issue. If your company so desire, thry may approach our law firm- www.rajeshkumar.co.in