Friday, July 15, 2016

Visit outlets only on tax evasion information: CBEC to officials

Revenue department has directed excise officials to visit ready made garment retail outlets or chains only when they have specific inputs regarding duty evasion and that too after the approval of senior officers. Branded garments are subjected to 2% Excise duty without CENVAT on a turnover more than Rs 1.5 crores.

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