Basis of levy of additional Customs duty (CVD) on import of Readymade Garments - Clarification - regarding

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....y of Finance Department of Revenue Central Board of Excise & Customs North Block, New Delhi. 21^st October, 2008. To All Chief Commissioners of Customs / Customs (Prev.). All Chief Commissioners of Customs & Central Excise. All Commissioners of Customs / Customs (Prev.). All Commissioners of Customs & Central Excise. All Director Generals under CBEC. The Principal ....

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.... additional duty of customs (CVD) on the basis of transaction value as per the provisions specified in section 14(1) of the Customs Act, 1962 read with the Customs Valuation (Determination of Price of imported Goods) Rules, 2007.  If any tariff value is prescribed by the Government for imported goods under section 14(2) of the Customs Act, 1962, then the CVD on such imported goods would be de....

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....of the Central Excise Act, 1944.  In view of the above, it is clear that import of readymade garments would be subjected to CVD only on the basis of transaction value and not on the basis of retail sale price.  4. In view the existing legal provisions, it is clarified that for the purpose of uniformity in assessment, presently the additional duty of Customs (CVD) is chargeable on....