Mrp

2588 views 5 replies

   We are importer of ceramic sanitaryware HS code 69101000. we import goods against payment of duty through DEPB and pay SAD by cash.My questions afre following

1.Is fixing MRP sticker is neccesary at the time of Import.

2.If MRP necessary then what is acceptable % of landed cost(considering nature of fragile commodity)

3.Is cvd/sad applicable on basis of MRP or declared value to customs,i.e CI.

I would be greatful if you may pls give your guidence

B regards


 

Replies (5)

you have to decide and  declare the MRP at the time of goods Clearance and accordingly your customs duty worked out and SAD would been paid.(DEPB  licence facility utilisation). your ass. value would be your selling price (pre worked with landed cost and profit  -depending upon selling parameters) 

Dear sir thanks for reply.my product falls under chapter 69101000 and not in list of 110 iteams of 4a .do I still have to declare mrp.kindly reconfirm B regards Rajiv
Dear sir thanks for reply.my product falls under chapter 69101000 and not in list of 110 iteams of 4a .do I still have to declare mrp.kindly reconfirm B regards Rajiv

Sir

 

We need to declare -becoz 6910 is mica based

Dear Mr. Rajiv,

Even we used to import sanitaryware items from China.

Yes, it is necessary to affix the MRP sticker while clearing the goods from customs. But also let me add, in the first consignment it is not necessary because untill you dont clear the goods, you don't know the output sales resultant. therefore, you must either present the reference bill of entry of the importer who is already importing the goods and the rate of duty structure will be applied as per the ref. bill of entry (recently cleared)

Once the first consignment is clear, your first consignment bill of entry will be a reference for you itself and at that time, you can apply the sticker and clear the goods with any headache from the customs.

Make sure the MRP is not far away cheaper from the existing products available in the Indian market else they may apply the charges of duty on whichever is higher.

What I would suggest is, if the CIF cost is Rs. 100 you must not declare the MRP more then or less then Rs. 145 (out of which 23-25% will be duty and other taxes)

For final advice, you must consult the C/A who will give you a proper channel.

 

Thank you!

Regards,

Krunal Parekh


CCI Pro

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