Customs valuation: CVD on imported readymade garments charged on transaction value, not on retail price. CVD on imported readymade garments must be determined with reference to the transaction value under section 3 of the Customs Tariff Act, 1975 read with section 14(1) of the Customs Act, 1962 and the Customs Valuation Rules, 2007. Readymade garments under Chapter 61 or 62 are not notified under Section 4A and therefore additional duty is chargeable on the basis of transaction value (CIF plus landing charges) and not on Retail Sale Price/Maximum Retail Price.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Customs valuation: CVD on imported readymade garments charged on transaction value, not on retail price.
CVD on imported readymade garments must be determined with reference to the transaction value under section 3 of the Customs Tariff Act, 1975 read with section 14(1) of the Customs Act, 1962 and the Customs Valuation Rules, 2007. Readymade garments under Chapter 61 or 62 are not notified under Section 4A and therefore additional duty is chargeable on the basis of transaction value (CIF plus landing charges) and not on Retail Sale Price/Maximum Retail Price.
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