20 May 2009
We imported a demo medical equipment from USA. It is a life saving equipment and is being imported by us for conducting trial.
This equipment has been supplied to us free of cost as it is a demo piece.
Its commercial price is US $ 1095/-
The proposed resale price in India is US $ 3600 which includes duties,taxes, freight and handling cost.
Customs appraiser charged duty on resale value i.e. US $ 3600 but not on commercial invoice. The same equipment was imported by a firm in Mumbai and they were charged duty on Commerical Invoice value US $ 1095/-
Can we get it re-appraised and by which authority? Can any experts help us out?
CAclubindia
