<h1>CBEC Clarifies CVD Calculation for Garments Using Transaction Value, Leaves Other Products Like PAN Masala Unaddressed.</h1> An additional duty of customs (CVD) is levied on imported goods, similar to excise duties on domestic products. The CVD value is determined using methods from the Central Excise Act, 1994, including transaction value, MRP-based value, and tariff value. For readymade garments, the government has set a tariff value resembling the MRP-based value, causing confusion over which method to use for CVD calculation. To address this, the Central Board of Excise and Customs (CBEC) issued a circular clarifying that CVD for garments should be based on transaction value. However, the circular did not address similar issues for products like PAN Masala.