Duty Drawback of Ready-made Garments in the wake of levy of terminal Excise Duty-regarding

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....inal Excise Duty-regarding. In terms of Chapter 4 of the Finance Bill, 2001, amongst other proposals of Central Excise Taxes, it has been proposed to subject ready-made garments and clothing accessories bearing a registered brand name or sold under a registered brand name, and falling under Central Excise Tariff Headings 62.01 and 62.02, to a Cenvat levy of 16% ad valorem with effect from 1.3.2....

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....tion merits to be made available. Therefore, 8 new 33 Numbers, viz. at SS No. 62.011, 62.081, 62.151, 62.161, 62.171, 62.181, 62.191, and 62.201 have been added to the Drawback Table and drawback rates equivalent to the Customs allocations along with proportionate drawback caps. A Notification No. 16/2001-Cus(N.T.) has been issued on 20th April 2001 to this effect and the same is effective for all....