We are involved in trading activities. We are importing goods and selling to industries through distributors.Some of products inported by us are falling under MRP based assessment as defined in Appendix XI of CE Tariff.Pls clarify whether: 1- Can we fix the lables at our trading premises. If it amount to mfr than where we can do it? 2- Can we fix the MRP labels on existing stock on which we have paid CVD on transaction basis but it covered under MRP? 3- Products not defined under Appendix XI are also require to fix MRP lable as we are selling in packages? 4. If we fix the lables on all products (MRP+Non MRP)than are we liable to pay CVD on MRP basis on Non MRP products also?
Clarification - MRP labels
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Trading Company Seeks Clarification on MRP Labeling for Imported Goods and Impact on Countervailing Duty Liability A trading company inquires about the application of Maximum Retail Price (MRP) labels on imported goods subject to MRP-based assessment under Central Excise regulations. They seek clarification on whether they can affix MRP labels at their trading premises and on existing stock, including goods not covered under Appendix XI, and whether this would affect their liability for Countervailing Duty (CVD) on non-MRP products. The response indicates that a detailed study is needed to address these technical questions. (AI Summary)
TaxTMI
TaxTMI