Relaxation in Tariff value in case of branded readymade garments – tariff value reduced from 60% to 45% and tariff value shall be equal to transaction value in case of job work, transaction between job worker and merchant

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..... 1-Central Excise (N.T.) New Delhi, the 24th March, 2011 G.S.R. 248(E). - In exercise of the powers conferred by sub-section (2) of section 3 of the Central Excise Act, 1944 (1 of 1944), the Central Government, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 20/2001-Central Excise(N.T.) .....

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..... who is the brand name owner on sale basis at the transaction value of Rs. 200/- per garment, duty at the rate of 10% would be chargeable on Rs. 200 /-which is the deemed tariff value‟; Explanation :- For the purposes of this notification the transaction value‟ shall have the meaning assigned to it under section 4 of the Central Excise Act, 1944 (1 of 1944). [F. No. B-1/3/201 .....

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