Levy of excise duty on readymade garments and made articles of textiles bearing a brand name or sold under a brand name and having a retail sale price of 1000 or more

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....1. C. No. IV(39)38//Tech/CCE/PAT/14/6864-74 Dated: 05-07-2016 TRADE NOTICE NO. 05/2016-17 Attention of the trade is invited to Circular No. 1031/19/2016-CX Dated 14.06.2016 issued vide F. No. 332/5/2016-TRU by Government of India, Ministry of Finance, Department of Revenue; TRU, CBEC, New Delhi regarding Levy of excise duty on readymade garments and made articles of textiles bearing a brand na....

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....fixes the retail sale price the readymade garments or made up articles of textiles which are purchased by such retail store from the open market. 3. The issue has been examined in the Ministry. The present levy is not oh all readymade garments and m de ups, and is restricted only to readymade garments and made up articles of textiles bearing a brand name or sold under a brand name and having ret....

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....f the identity of that person. 4. However, such retailer shall not be liable to pay excise duty if: a) the retail sale price of such readymade garments or made up articles of textiles is less than ₹ 1000, or b) the aggregate value of clearances for home consumption by such person is less than ₹ 1.5 crore in a year [provided aggregate value of clearances during previous financia....