TMI BlogBasis of levy of additional Customs duty (CVD) on import of Readymade Garments - Clarification - regardingX X X X Extracts X X X X X X X X Extracts X X X X ..... Revenue Central Board of Excise Customs North Block, New Delhi. 21 st October, 2008. To All Chief Commissioners of Customs / Customs (Prev.). All Chief Commissioners of Customs Central Excise. All Commissioners of Customs / Customs (Prev.). All Commissioners of Customs Central Excise. All Director Generals under CBEC. The Principal Chief Controller of Accounts (Cus ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Customs Act, 1962 read with the Customs Valuation (Determination of Price of imported Goods) Rules, 2007 . If any tariff value is prescribed by the Government for imported goods under section 14(2) of the Customs Act, 1962 , then the CVD on such imported goods would be determined with reference to tariff value as prescribed therein instead of the transaction value. Further, in respect of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ted to CVD only on the basis of transaction value and not on the basis of retail sale price. 4. In view the existing legal provisions, it is clarified that for the purpose of uniformity in assessment, presently the additional duty of Customs (CVD) is chargeable on import of readymade garments on the basis of transaction value i.e. C.I.F. price plus landing charges and not on the basis of Retai ..... X X X X Extracts X X X X X X X X Extracts X X X X
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