MRP issues..., Customs - Exim - SEZ

[Kishan Barai]

Is it mandatory to have MRP label on Import we do in India & Foreign countries ? Many of my clients import mobile cover from china and as the QTY is small the suppliers are not able to cope up with our regulations, due to this heavy importation cost has to be bare by small importers of mobile cover at JNPT port, please share your views regarding this MRP issues on importation and exportation of goods.

Thank You

Posts / Replies

[Suryanarayana Sathineni]

Dear Friend,

Any item which covers under MRP valuation ( Section 4A of CE Act) in India requires to be valued under MRP valuation on import consignments for the purpose of payment of CVD.

In view of this, there are two options available and they are

1. the import package should contain a sticker with MRP to be sold in INdia ( it is possible based on the understanding between the supplier and the importer; or
2. Giving a declaration by the importer to the Customs Authorities under what MRP the imported item would be sold in India after import.

Best Regards,

Suryanarayana

[MARIAPPAN GOVINDARAJAN]

I endorse the views of Sri Suryanarayana.