value addtion in export value, Customs - Exim - SEZ

[Arun Aggarwal]

Sir

we are an exporter of jewellery in the the past paying excise duty on the bullion purchased

for the value addtion the custom dept issued a show cause adding excise duty paid and subsequently refunded in the assesbale in the value for export .

pls guide me for the correct way for calculating the cost for the value addtion, and to reply

thanks

Posts / Replies

[Saurabh Goel]

Hi Arun, Please refer to FTP Chapter 4 followed by Handbook of Procedures (4.60) issued by DGFT. It prescribes the calculation formula as well as rate of Value Addition. It is a pre-requisite when you plan to export jewellery.