TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Excise Duty on Garments: Use Transaction Value for Bulk Sales, Not Retail Price, Per New Circular Guidelines.</h1> The circular addresses the valuation method for excise duty on readymade garments, clarifying that garments should be assessed based on transaction value rather than Retail Sale Price (RSP) unless they are pre-packaged and sold in retail packages as per the Standards of Weights & Measures Act. It notes that garments sold in bulk without RSP are not subject to Section 4A provisions. The circular instructs officers to avoid unnecessary enforcement of RSP requirements on bulk garments, superseding previous contrary instructions and aiming to prevent trade harassment.
TaxTMI 
TaxTMI 
