TaxTMI 
TaxTMI 
Is any exemption for Innerwear products?
Is any exemption for SSI?
Is the sale amount is taxable before 1st March 2011?
Branded textile product
03 Mar 2011 
1 Reply 
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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. (AI Summary)
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. (AI Summary)