This notification fixes tariff value in respect of articles of apparel, not knitted or crocheted, all sorts, falling under sub-heading No. 6201.00 of the First Schedule to the Central Excise Tariff Act, 1985 - 020/2001 - Central Excise - Non Tariff

Tariff value based on retail sale price governs excise valuation of apparel, with deemed transaction value rules for branded sales.

The notification prescribes that tariff value for apparel and related textile articles is to be determined by reference to the retail sale price declared on retail packages under Legal Metrology or other law, defines retail sale price to include all taxes and ancillary charges as the sole consideration, and provides that where branded goods are sold by a manufacturer to the brand owner without an affixed retail price, the transaction value of that sale shall be deemed the tariff value.