pl give me brief about excise duty on branded readymade garments.
is excise duty applicable on work job or labour charges recd by exporter.
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 14 April 2011
Branded garments are now subject to excise duty of 10.3% with an abatement available of 55% on MRP
excise duty / service tax is applicable unless the principal send the goods under rule 4(5)a of ccr
or under notificaion no 214/86
Arun Kumar Singh
(GST Advocate)
(15188 Points)
Replied 15 April 2011
Jobworker is exempt from central excise duty under notification No. 13/2011 dated 01.03.2011.
ASHISH GUPTA
(PARTNER)
(21 Points)
Replied 01 July 2011
| Originally posted by : naroo | ||
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pl give me brief about excise duty on branded readymade garments. is excise duty applicable on work job or labour charges recd by exporter. |
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Hi how the abatement is calculated for excise on branded garments,whether assessable sale of 1.5 crores is counted after abatement or before abatement
Please advice
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 02 July 2011
as the abatement is available from start, and SSI exemption is withdrawn in case of branded goods,
so in branded goods no such exemption of 150 lacs, but 400 lacs is available after abatement i.e to calculate 400 lacs u have to count the post abatement clearance value.
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