;
Home / Knowledge / News / Information Technology / Udyog offers an excise solution to garment industries
Udyog offers an excise solution to garment industries
09
Mar '11
In 2003 Government introduced Excise duty on textiles from Rs.1. The excise is charged from yarn to gray clothes to finished & readymade garments. Trade faces lots of confusion regarding departmental clarification & documentation process. After trade opposition the entire textile sector from yarn to garment kept out from excise with the optional scheme.

In the present budget, the optional scheme for payment of excise duty on readymade garments and textile made ups, which bear a brand name or which are sold under a brand name would no longer be available. An excise duty @10% is being imposed on such goods without Cenvat credit facility. (S.No. of notification No. 30/2004-CE as amended vide notification no.12 /2011-Central Excise refers).

The general SSI exemption has been extended to such goods. (Notification No. 8/2003-Central Excise as amended vide notification No.8 /2011-Central Excise dated 1st March, 2011 refers). The tariff value for charging duty on readymade garments and textile made-ups would be @ 60% of the retail sale price. (Notification No.20/2001- Central Excise (NT) as amended vide notification No.7 /2011-Central Excise (NT) refers).

Although this should take care of small manufacturers, it is abundantly clear that the levy does not apply to retail tailoring establishments that stitch garments in a customized manner to the size and style specifications of individual customers, whether it is out of the fabric purchased by the customer from the same establishment or a fabric supplied by the customer.

This levy takes effect from 01.03.2011, which means, all the garments / textile made ups which are cleared from the factory on or after 01.03.2011 would be subject to the central excise duty.

Udyog offers an excise solution to Garment industries which has specially designed excise format for readymade garments. This is in a matrix form & calculates MRP base excise duty automatically. It offers special module for job workers tracking which stock of garments can be maintained piece wise & size wise. It also provides challan to challan tracking so that company can get exact details of inventory which is required by excise department.

Udyog's excise solution provides all excise registers & returns like ER-I, ER-III,ER-V & ER-VI which are required to be submitted to the department. Udyog provides online e-filing solution which is mandatory for excise register units. You can pay excise duty online & maintain PLA registers.

Udyog provides both standalone & Integrated Excise Solutions to garment industries. In Standalone Solution you need to enter all the data & print the reports. The integrated solution is a bridge to all major Accounting & Global ERP solutions. Udyog also extends consultancy services to those companies that want to set up & maintain the Excise process. “Pravin Sawant VP-Direct Sales, Udyog Software (I) Ltd said.

Udyog Software (I) Ltd


Must ReadView All

NCTO endorses USMCA; to lobby Congress to adopt agreement

Textiles | On 13th Dec 2018

NCTO endorses USMCA; to lobby Congress to adopt agreement

The National Council of Textile Organisations (NCTO) board of...

12 Asian garment firms to operate in Haiti by mid-2019

Apparel/Garments | On 13th Dec 2018

12 Asian garment firms to operate in Haiti by mid-2019

At least a dozen Asian garment manufacturing companies will start...

Pakistan evolving export-oriented policies: top official

Textiles | On 13th Dec 2018

Pakistan evolving export-oriented policies: top official

Pakistan is evolving export-oriented policies and is committed to...

Interviews View All

Sonia Agarwal, Whitenife

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Darshan Mehta, Infinium Polychem

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Kaizad Hansotia, GetNatty

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Ravindra Jain, Ashish Baid,

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Marcello Galvanin,

Marcello Galvanin

Galvanin has more than 50 years of experience in the production of textile ...

Rajat Jaipuria,

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Steve Cole, Xerium Technologies

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


December 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search