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Assessable value

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As per Circular No. 947/8/2011-CX dated 21/06/2012  excise duty is not applicable on uniform made for schools, hotels, companies etc. So according it uniform garments are non-dutiable item. On other branded garments excise duty is applicable on MRP so assessable value of branded garments are 30% of MRP (as per current provision). 

Now my query is, what is the assessable value of Uniform garment manufactured and removed from factory.

 

Replies (2)

Assessable Value shall be Tariff Value as per section 3(2) i.e. 30 % of the MRP.

There will be no effect of the Circular on Assessable Value.

- Ruben Balooni

 


 

i am agreed with Mr. Ruben


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