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    <title>Relaxation in Tariff value in case of branded readymade garments – tariff value reduced from 60% to 45% and tariff value shall be equal to transaction value in case of job work, transaction between job worker and merchant</title>
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    <description>Tariff value for branded readymade garments is reduced from the earlier percentage of retail sale price to a lower percentage, changing the notional value for duty computation. Where goods bearing another person&#039;s brand are sold by a manufacturer to the brand owner and the retail sale price is not affixed, the transaction value of that transfer is deemed to be the tariff value; &quot;transaction value&quot; has the meaning assigned under section 4 of the Central Excise Act, 1944.</description>
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