value addtion in export value

[Arun Aggarwal]

Sir

we are an exporter of jewellery in the the past paying excise duty on the bullion purchased

for the value addtion the custom dept issued a show cause adding excise duty paid and subsequently refunded in the assesbale in the value for export .

pls guide me for the correct way for calculating the cost for the value addtion, and to reply

thanks

AI Summary

Jewelry Exporter Questions Inclusion of Excise Duty in Value Addition; Consults Foreign Trade Policy Chapter 4 & DGFT Handbook 4.60 An exporter of jewelry raised a query about calculating value addition for export purposes, specifically concerning the inclusion of excise duty paid and refunded in the assessable value. The customs department had issued a show cause notice regarding this matter. In response, it was advised to refer to Chapter 4 of the Foreign Trade Policy (FTP) and the Handbook of Procedures (4.60) by the Directorate General of Foreign Trade (DGFT), which provide the formula and rate for calculating value addition, essential for jewelry export.