I am a first time importer and I did all my study from offical government websites on import. My consigment has docked in Mumbai and my customs agent says that the customs official dont go by invoice.
According to the offical documents on customs department ( CBEC) , the baby/kids bicyles I imported ( code 87120010) are suppose to be charged by units and not weight. But the customs assesment officer is assessing the value of good @ 200-225/kg. If I pay duty at that rate then the total cost of the bicycle will be much higher than what I get in india.
Real invoice cost is 12 lakh rupeed and they are calcualting around 18-22laks.
All of my invoices are absolutely genuine , I have not intent of evading any tax. At the same time I dont have knowledge energey or some stolen money to contest with the custom officials or the department. I cant even waste time because then I will have to pay very high cost of holding the container on the warehouse.
I have earned and saved money with my borrow's sweat and not like the customs extortionist officials.
Please recommend me some solution . I dont want to bribe a single paisa.
Ps: You advice will not only help me but all others facing the same situation.