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Tag: CBEC

Designer sarees to attract 5 % GST
Apparel and Textile News Trade Info News

Designer sarees to attract 5 % GST

The Central Board of Excise and Customs (CBEC) has said that Sarees – designer, embroidered or otherwise value added will attract 5 per cent GST. CBEC said sarees are treated as fabric and it remains so even after embroidery etc as no new item emerges having a distinct name, character and use. “Therefore, sarees, embroidered […]

Rules On Raids For Tax Evasion By CBEC
Apparel and Textile News Trade Info News

Rules On Raids For Tax Evasion By CBEC

The revenue department has directed excise officials to visit readymade garment retail outlets or chains only when they have specific inputs regarding duty evasion and that too after the approval of senior officers. The Central Board of Excise and Customs (CBEC) was clarifying on the scope of levy of excise duty on branded readymade garments […]

Textile
Apparel and Textile News Apparel Brands and Companies Ministry of Textiles News

No Change In CENVAT Rules For Textile Goods

There is no change in exemption from excise duty for textile goods as mentioned in central value added tax (CENVAT) Rules 2004, the union ministry of finance has clarified. The Central Board of Excise and Customs (CBEC) had issued a notification on July 17, 2015, which stated that the excise duty credit could be claimed by […]

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