Duty Drawback of Ready-made Garments in the wake of levy of terminal Excise Duty-regarding
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.... 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 1.3.2001. 2. As these goods were not chargeable to any t....
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....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 exports effected from 1.3.2001. 3. Board appreciate....


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