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Notification New Delhi, the 24
th
March, 2011
No. 12/2011-Central Excise (N.T.)

G.S.R. (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.), dated the 30
th
April,2001 published in the Gazette of
India, Extraordinary, vide G.S.R.318 (E), dated the 30
th
April,2001, namely: -

In the said notification, -
(i) in the opening paragraph, for the words and figures “at the rate of 60% of the retail sale
price”, the words and figures “at the rate of 45% of the retail sale price”; shall be
substituted;
(ii) after the opening paragraph the following shall be inserted, namely:-

„Provided that where goods bearing the brand name of another person are cleared in the
course of sale by a manufacturer to such person and the retail sale price is not affixed on the goods,
the transaction value of such goods shall be deemed to be the tariff value.‟

Illustration:
If a manufacturer X clears goods bearing a brand name “ABC” to Y, who is the brand name
owner on sale basis at the transaction value of ` 200/- per garment, duty at the rate of 10% would be
chargeable on ` 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-1/3/2011 –TRU]


(Sanjeev Kumar Singh)
Under Secretary to the Government of India


Note.- The principal notification No. 20/2001-Central Excise(N.T.), dated the 30
th
April,2001,
published in the Gazette of India, Extraordinary, vide number G.S.R.318(E), dated the 30
th
April,2001
was last amended vide notification no.7/2011-Central Excise, (N.T.),dated the 1
st
March,2011,
published vide number G.S.R.138(E), dated the 1
st
March,2011.
notifications no 12 2011 c e nt | iKargos