Dear Sir,
Under Customs notification no 21/2012 Sr.no 2 which enables us for exemption of ADDl CVD (4%) on pre-packed commodities with affixed MRP and which are intended for Retial Sale only.
Further if MRP pre-packed goods with affixed MRP on it if supplied for industrial use under EX-bond clearance from Customs, then even after affixing MRP on it whether we can claim exemption of ADDL CVD 4% duty.
Please explain and please give us any reference regarding this.Thanks & Regards.
Exemption of Additional Customs Duty on Pre-Packed Commodities for Retail: Supreme Court Highlights Intent and Circumstances Analysis A query was raised regarding the exemption of additional customs duty (ADDL CVD) on pre-packed commodities intended for retail sale under Customs notification no. 21/2012. The question focused on whether goods with an affixed MRP, supplied for industrial use, qualify for the exemption. A response highlighted the Supreme Court's interpretation of 'intended for' in a related case, emphasizing the need to analyze all circumstances to determine eligibility. Additionally, a case was cited where the intention at the time of clearance was crucial for exemption eligibility, suggesting careful consideration of factual details is necessary. (AI Summary)
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