News Tags

Related Keywords: attract five percent GST, CBEC, Central Board of Excise and Customs, character and use, no new item emerges having a distinct name, remains so even after embroidery, same rate which fabric is taxed, sarees treated as fabric, value added

Clearing the air over whether sarees will be treated as garments or fabric, the Central Board of Excise and Customs (CBEC) said that 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.

Hence, all designer, embroidered sarees or otherwise value added will attract a 5% goods and services tax. Infact, sarees, embroidered or not, would be taxed at the same rate at which the fabric is taxed, the CBEC explained.

Related Keywords: attracts two percent excise duty on retail price above rupess thousand, big relief for textile traders in Suart, CBEC, Central Board of Excise and Customs, FOSTTA, largest man-made fabric wholesale market, out of ambit of made ups, SGCCI, takes decision to keep sari

The Central Board of Excise and Customs (CBEC) have taken decision to keep 'sari' out of the ambit of made-ups, which attract 2 percent excise duty on retail price above Rs1,000. This decision brings a big relief for textile traders in the country's largest man-made fabric (MMF) wholesale market in Surat.