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of <h1>Excise Duty Clarified for Branded Garments: Applies Only to Items Over Rs. 1000, Exemptions for Smaller Retailers.</h1> The circular addresses the levy of excise duty on branded readymade garments and textile articles with a retail sale price of Rs. 1000 or more. It clarifies that the duty applies only to items bearing a brand name and not to all garments. Retailers are exempt if the sale price is under Rs. 1000 or if their annual clearances are below Rs. 1.5 crore, provided the previous year's clearances were under Rs. 4 crore. Retail outlets with a name do not automatically incur duty unless they affix a brand name and label on products priced at Rs. 1000 or above. Inspections are limited to cases with specific evidence of duty evasion.
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