ICES-changes through Finance Bill 2001-Assessment of goods chargeable to additional duty on the basis of Retail Sale Price (RSP) and chargeable to National Calamity Contingency Duty (NCD) - reg.
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Retail sale price declaration required for customs additional duty and national calamity duty; import entries must include RSP. Importers and customs house agents must declare the Retail Sale Price (RSP) in rupees for each distinct article and pack size in the amended service-center declaration so ICES can assess additional duty under section 3 and apply the National Calamity Contingent Duty; the system will compute applicable abatement by reference to Central Excise Tariff headings and allows amendment of declared RSP at prescribed stages subject to approval.
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.
Retail sale price declaration required for customs additional duty and national calamity duty; import entries must include RSP.
Importers and customs house agents must declare the Retail Sale Price (RSP) in rupees for each distinct article and pack size in the amended service-center declaration so ICES can assess additional duty under section 3 and apply the National Calamity Contingent Duty; the system will compute applicable abatement by reference to Central Excise Tariff headings and allows amendment of declared RSP at prescribed stages subject to approval.
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