Basis of levy of additional Customs duty (CVD) on import of Readymade Garments - Clarification - regarding

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..... rd of Excise & Customs North Block, New Delhi. 21st October, 2008. To All Chief Commissioners of Customs / Customs (Prev.). All Chief Commissioners of Customs & Central Excise. All Commissioners of Customs / Customs (Prev.). All Commissioners of Customs & Central Excise. All Director Generals under CBEC. The Principal Chief Controller of Accounts (Cus & CX). Subject: Basis of levy o .....

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..... on of Price of imported Goods) Rules, 2007. If any tariff value is prescribed by the Government for imported goods under section 14(2) of the Customs Act, 1962, then the CVD on such imported goods would be determined with reference to tariff value as prescribed therein instead of the transaction value. Further, in respect of certain specified goods which are notified under Section 4A of the Centra .....

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..... ce. 4. In view the existing legal provisions, it is clarified that for the purpose of uniformity in assessment, presently the additional duty of Customs (CVD) is chargeable on import of readymade garments on the basis of transaction value i.e. C.I.F. price plus landing charges and not on the basis of Retail Sale Price/Maximum Retail Price. 5. The field formations as well as trade and industry .....

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