MRP based CVD on radial/non radial tyres- reg.

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....l/non radial tyres- reg. It has been represented by trade and industry associations about difficulties faced in MRP based CVD assessment on radial/non radial tyres. The matter was taken up with CBEC for clarification. CBEC vide letter F No 341/2/2007-TRU dated 29th August 2007 had clarified the issue as follows :- 2. Under section 4A of Central Excise Act 1944, excisable goods are chargeable....

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....nd are intended for a retail sale, the declaration of the package must indicate the number of such tyres and tubes in the said package. 4. The above position makes it clear that only when the commodities are offered for sale under pre-packed/packed condition it becomes mandatory to furnish the retail sale price on the package attracting the provisions of valuation under section 4A of Central Ex....

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....import of tyres and tubes is leviable as per section 4A of Central Excise Act, 1944 when they are imported in pre-packed/packed form only. Import on unpacked tyres and tubes is to be assessed under section 4 of the Central Excise Act, 1944 for the purpose of calculating the Additional Duty of Customs. When such imported tyres and tubes are subsequently pre-packed or packed for the purpose of retai....