Mrp declaration

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 March 2014 Dear Team Member,
Pls advise in this regard,
We are spare parts dealer valuing under 4A raising invoice less MRP abtmnt method in general all are imported but as per operation we purchased sum parts locally on VAt charged,now we want to sell those parts under 4A valun .My query is how can i price those parts as these r procurred lovally nd some are VAT chargd and sum r vAT,how can i declare MRP to them For MRP i shuld consider Mtrl cost+transpoartion+excise duty+vat/cst for declartion or else only Mtrl cost+tranptn cost+other cost
as these parts r under gone deemed manf actvty and need to charge ED at the time of removal

Arun Kumar Singh

Arun Kumar Singh (Expert)
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24 March 2014 SSI exemption is available to all unit upto 1.5cr turnover. If MRP is not mention on the goods then you can cleared the goods on transaction value. you should consult with any professional.