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of <h1>Excise Duty on Branded Garments Over Rs. 1000 Clarified; Exemptions for Low-Value and Small Retailers Explained.</h1> The circular addresses the levy of excise duty on readymade garments and textile articles sold under a brand name with a retail price of Rs. 1000 or more. It clarifies that excise duty applies only to branded items priced above Rs. 1000, and affixing a brand name or repackaging constitutes manufacture. Retailers are exempt if the retail price is below Rs. 1000 or if their annual clearance value is under Rs. 1.5 crore, provided the previous year's clearance was less than Rs. 4 crore. Retail outlets with a name do not automatically incur excise duty unless they brand and label garments. Inspections are restricted to cases with specific duty evasion concerns.
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