CBEC

Ministry of Finance has issued a circular clarifying that present levy of excise duty on readymade garments and made articles of textiles bearing a brand name or sold under a brand name is not on all readymade garments and made 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 retail sale price (RSP) of Rs. 1000 or above.