Branded textile product

[Asked by Guest]

Is any exemption for Innerwear products?

Is any exemption for SSI?

Is the sale amount is taxable before 1st March 2011?

 

[Surender Gupta]

Inner wear products are subject to same levy as other branded ready made garments.

SSI exemption is available up to 1.5 crores.

Turnover of the whole year is to be seen. IF up to Feb 2011, turnover is below 1.5 crores, exemption can be availed for the remaining limit.

AI Summary

Excise levy parity: innerwear attracts the same levy as ready-made garments; small-scale exemption may apply.
Innerwear branded textile products attract the same central excise levy as other branded ready made garments. Small scale industry exemption is available subject to an annual turnover ceiling of 1.5 crores, with eligibility assessed on the turnover for the whole year; if turnover up to February 2011 is below the threshold, the exemption can be availed for the remaining portion of the annual limit.