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Calculation of 400 lakhs for readymade garments

Central Excise - Started By: - deepak gulati - Dated:- 13-6-2016 Last Replied Date:- 15-6-2016 - Respected Sir,My Client is having turnover of ₹ 450lakhs in the previous year detail is as under :- 100 lakhs for unbranded garments having RSP < Rs. 1000 ; 150 lakhs having RSP >Rs. 1000/-; 100 lakhs having value is less than ₹ 1000 ; 100 lakhs branded and having value > ₹ 1000450 lakhs in the previous year Please explain how to calculate turnover of ₹ 400 Lakhs for .....

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turnover is less than 400 lakhs200 lakhs unbranded having RSP > 1000100 lakhs Having branded goods > 1000 - Reply By KASTURI SETHI - The Reply = Sh.Gulati Ji, While computing the turnover of ₹ 400 lakhs, the value of fully exempted goods are to be included/accounted for. While computing turnover of ₹ 1.50 crores, the value of fully exempted goods are not to be included. Only branded ready-made garments which have RSP of ₹ 1000/- and above are liable to Central Excise duty .....

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