Hi,
I am importing Auto spare parts (Chapter 87) and facing big problems while clearing.
Custom officer is increassing the RSP value to 2.5 times the basic cost at which I can not sell it in the market.
Now the overall duty comes to more than 45%.
Is there any rule to fix a minimum RSP of 2.5 times the basic cost?
Regards,
PJ
CAclubindia
