Calculation of 400 lakhs for readymade garments

[deepak gulati]

Respected Sir,

My Client is having turnover of ₹ 450lakhs in the previous year detail is as under :-

100 lakhs for unbranded garments having RSP < Rs. 1000 ;

150 lakhs having RSP >Rs. 1000/-;

100 lakhs having value is less than ₹ 1000 ;

100 lakhs branded and having value > ₹ 1000

450 lakhs

in the previous year

Please explain how to calculate turnover of ₹ 400 Lakhs for previous year.

AI Summary

Turnover calculation for ready-made garments: include fully exempt goods for higher threshold; exclude duty-paid branded goods for smaller threshold.
Computation of turnover for ready-made garments requires including fully exempted goods when assessing the larger turnover threshold, while excluding fully exempted goods when assessing the smaller exemption threshold; unbranded low priced garments are not counted, unbranded and branded garments above the retail-price threshold are counted, and goods placed in branded packaging are treated as branded and liable to central excise with duty-paid goods excluded for the smaller threshold.