Exempts return of branded ready made garments subject to certain conditions - 31/2011-Central Excise - Central Excise - Tariff

Exemption for returned branded garments: duty waived on reworked duty-paid stock when conditions and reporting requirements are met.

Branded ready-made garments under chapters 61, 62 or 63 (with specified exclusions) are exempted from excise duty when duty-paid goods are returned to the same registered premises or factory and re-made, re-conditioned, re-packed or otherwise processed and cleared, subject to conditions: no Cenvat credit on returned goods; intimation with return document details and value to the jurisdictional authority within 48 hours; maintenance of receipt and disposal accounts reported monthly; return within one year of initial removal; and an aggregate annual clearance limit relative to prior clearances, computed per registered premises with clearances under rule 16 excluded.