Excise duty on manufaturing of readymade garment for export
This query is : Resolved
06 June 2011
Can any one clarify following:
1. What would 'brand' mean for levy of excise duty on readymade garments.
2. If I export all my goods, do I ned to pay excise duty.
3. If not, am I required to it myself registered and what are the procedures which I need to follow??
1. What would 'brand' mean for levy of excise duty on readymade garments.
2. If I export all my goods, do I ned to pay excise duty.
3. If not, am I required to it myself registered and what are the procedures which I need to follow??
Bimal Jain
(Expert)
06 June 2011
Pls note the answer to your query:
1. Brand means a known name under which ready made garments are sold in market i.e. brand is known by its name in market
2. No duty on export but need to follow a process - Export under Bond
3. If you are manufacturer of branded ready made garments then take registration as Manufacturer and export under Bond without payment of excise duty.
Hope clarified.
Regards. Bimal Jain
1. Brand means a known name under which ready made garments are sold in market i.e. brand is known by its name in market
2. No duty on export but need to follow a process - Export under Bond
3. If you are manufacturer of branded ready made garments then take registration as Manufacturer and export under Bond without payment of excise duty.
Hope clarified.
Regards. Bimal Jain
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