6% excise duty on branded readymade garments & made ups of cotton, not containing any other textile materials -Reg.
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Seeks to amend notification No. 7/2012- CE, dated the 17th March, 2012, so as to prescribe 6% rate of excise duty to branded readymade garments and made ups of cotton, not containing any other textile materials.
NOTIFICATION No. 8/2013-Central Excise
New Delhi, the 1st March, 2013
G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No 7/2012-Central Excise, dated the 17th March, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide G.S.R. 158 (E), dated the 17th March, 2012, namely :-
In the said notification, in the Table, against serial number 7, in column (3), for the entry, the following shall be substituted namely:-
“All goods of cotton, not containing any other textile material.
Explanation. – For the removal of doubts, it is hereby clarified that ‘goods of cotton, not containing any other textile material’, shall include goods made from fabrics of cotton, not containing any other textile material, even if they contain sewing threads, cords, labels, elastic tapes, zip fasteners and similar items used for stitching, fastening, holding or adornment, of materials other than cotton. ”
[F. No. 334/3/2013-TRU]
(Akshay Joshi)
Under Secretary to the Government of India
Note. – The principal notification No.7/2012-Central Excise, dated the 17th March, 2012, was published in the Gazette of India, Extraordinary, vide number G.S.R. 158 (E), dated the 17th March, 2012.


What does it me whether full excise duty is exempt or if goods are made of only cotton are exempt. please elobrate.

A Partnership register in Foreign country(A) has two partners- one is a national of that foreign country and another is an LLP register in India(B).

Now B manufactures a product in India and want to sell it to A. What shall be the tax implication?

Regards
Pankaj Khandelwal
Pankaj K. & Associates
Company Secretaries
pankaj.cs@hotmail.com

Sir,
WHAT IS HEDGE FUND ?

Whether CA Entrance Fees Rs 1200 to be paid every year or its one time.
Further COP fees to be paid FY wise or every year from the date of Holding COP

Dear All,
A private ltd. co. has been scrutinized by AO
for the year 10-11 and disallowed advertisement exp Rs. 5 lacs due to not making the provision of TDS. and now in march 13 the tax on such disallowed expense has been paid this year.
now , how to make the accounting entries in this year? please give the full accounting entries.
whether that expenditure will be considered as prior period items?

Dear sir I have taken a home loan From bank but possesion not received till date can i take a deduction of laon interest amount in income tax return. Thanks Dheeraj

Last Date of final registration of CS has gone. Now I want to register for Dec-13 then what is the procedure?

Mr. X is a non resident Indian. He sells an immovable property in India. What will be the tax treatment ? Whether he will get the benefit of indexation ? And if he is eligible for the benefit of indexation, then whether LTCG will be charged at:

1. 10 % without indexation
2. 20% with indexation.

Please advice. Its urgent.
Thanking You

Dear Expert,
Which Form to be used by SSI unit(Availing benefit of Excise notification of exempted value based clearance ) for filing Excise return of Goods sold another Brand name. Currently we are filing the same in ER-3, but our lawyer asked us to file in ER -1 but I am not convinced with the same

Thanks

What is benefits under this act n which business are cover in this act?