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Customs duty- mrp based cvd under sec 4a

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 October 2012

My product is notified for MRP based CVD on Imports, abatement rate is 35%.

Now my Question is that Can MRP based duty can be less than transaction value based duty? Is that allowed? If there any rule/ case to this???

Since it is a new product to have market competitiveness , being sold at competative price,

pl answer asap
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RAMESH KUMAR VERMA

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RAMESH KUMAR VERMA (Expert)
18 October 2012 https://www.caclubindia.com/forum/calculation-of-custom-duty-145538.asp#.UH_sIa4-1tg

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