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of <h1>New Tax Measures: Excise Duty Changes for Branded Garments, Textile Goods, and Import Exemptions - Compliance Guidance Issued.</h1> The circular addresses changes and clarifications regarding tax proposals introduced through Central Excise and Customs Notifications dated March 24, 2011. It highlights modifications in excise duties and exemptions for branded garments, textiles, and other goods. Key points include adjustments in tariff values, duty liabilities for brand owners, exemption conditions for returned goods, and simplified procedures for small units. The document also discusses excise duties on precious metals, exemptions for certain imports, and clarifies the application of duties on imported goods. It emphasizes the need for compliance and provides guidance for industry stakeholders on the new tax measures.
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