We are manufacturer of Parts and spare of Motor vehicles. One of components i.e. rubber items importing and assembling in the Motor vehicle parts for export. Let me know whether RSP will be applied for import of components which will be fitted in finished goods for export. The custom's officer of Kolkata has detained our goods for payment of excise duty on RSP.
Thanks,
S.M.Nausherawan
AGM (RSB Transmissions (I) Ltd., Jamshedpur)
Customs Detains Imported Rubber Parts; Excise Duty on RSP Challenged for Manufacturing Use, Possible Duty Drawbacks on Export. A manufacturer of motor vehicle parts is importing rubber components for assembly into finished goods for export. A customs officer detained their goods, demanding excise duty on the Retail Sale Price (RSP). Respondents advised that RSP should not apply since the parts are used in manufacturing, not sold as is. They suggested presenting evidence and possibly a bond to the officer, and mentioned potential duty drawbacks on export. One respondent noted that if the imported item falls under a specific notification, the officer's demand might be correct, but duty credits could offset costs. Another participant appreciated the informative discussion. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
