Excise on goods belonging to chapter 65
We are a manufacturer of Hosiery caps which fall under chapter 65 (Correct me if I am wrong). I would like to know if any excise was imposed on these types of goods. I am aware that goods falling under chapter 61-63 were recently brought under excise but i was unable find anything related to Chapter 65.Please help.
10% excise duty already imposed by government in budjet 2011-12.
According to this Excise duty has been imposed on goods belonging to chapter 61-63 only. Can you please confirm?
Also, I have been told by a consultant that as far as hosiery goods are concerned, all branded as well as unbranded goods will be taxable under excise. Is this true because I have read that non branded goods will be exempted.
chapter 61-68 belonging to "Articles of apparel and clothing accessories knitted or crocheted" and "Other made up textile articles, sets, worn clothing and worn textile articles; rags"
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