TaxTMI 
TaxTMI 
Valuation related to import
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....aluation related to import<br> Query (Issue) Started By: - manjeet singh Dated:- 19-12-2021 Last Reply Date:- 23-12-2021 Customs - Exim - SEZ<br>Got 2 Replies<br>Customs<br>My query is one of the impo....
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....rter imported goods i.e automated data processing machine with assessable value is ₹ 1 Cr and he paid Zero BCD and 18 % IGST on the goods. But on the packing list the MRP is written as 2.1 Cr du....
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....ring the import. My question is whether there is any violation of Customs Valuation Rule in this transaction? Whether there is any rule differentiating between transaction value and MRP? The import....
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....ed goods to ready to use goods. Please guide. Reply By Shilpi Jain: The Reply: Under Customs, where the transaction is not between related parties or even if related and the price has not been influ....
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....enced, the transaction value can be adopted. So IGST need not be paid on MRP Reply By raghunandhaanan rvi: The Reply: Sir If the Maximum Retail Price is wrongly affixed on the retail packaging a....
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....nd goods are still under customs control, you may request customs to allow you to relabel the packages with the correct MRP in the customs bonded warehouse.<br> Discussion Forum - Knowledge Sharing ....