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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
