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TMI BlogValuation related to importX X X X Extracts X X X X X X X X Extracts X X X X ..... My query is one of the importer imported goods i.e automated data processing machine with assessable value is ₹ 1 Cr and he paid Zero BCD and 18 % IGST on the goods. But on the packing list the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... MRP is written as 2.1 Cr during the import. My question is whether there is any violation of Customs Valuation Rule in this transaction? Whether there is any rule differentiating between transaction ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... value and MRP? The imported goods to ready to use goods. Please guide. - Reply By Shilpi Jain - The Reply = Under Customs, where the transaction is not between related parties or even if related a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd the price has not been influenced, the transaction value can be adopted. So IGST need not be paid on MRP - Reply By raghunandhaanan rvi - The Reply = Sir If the Maximum Retail Price is wrongl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y affixed on the retail packaging and goods are still under customs control, you may request customs to allow you to relabel the packages with the correct MRP in the customs bonded warehouse. - Valua ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion related to import - Query Started By: - manjeet singh Dated:- 19-12-2021 Customs - Import - Export - Customs - SEZ - Got 2 Replies - Customs - Discussion Forum - Knowledge Sharing, reply post b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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