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UN BRANDED GOLD COIN , Central Excise

Issue Id: - 4159
Dated: 16-5-2012
By:- SANJAY KUMAR SINGH

UN BRANDED GOLD COIN


  • Contents

Dear All,

As per sl.no. 200 vide Notification no. 12/2012 , gold & silver coin is to be exempted from excise tax , but subject to three conditions ;

  1. The coin should be of purity greater then 99.5% or 99.9% for gold & silver respectively.
  2. It should bear a brand name
  3.  It should be made from gold on which  excise and custom duty has been paid

Now what will be rate for precious metal coin with un branded or purity less than 995 or both. Can we use sl.no.192 interpretation for the unbranded but with purity greater then 99.5% or 99.9% for gold & silver respectively.

When both branded & unbranded jew of any purity is out of purview of excise duty , then why there is separate treatment of coin with less purity. Any valuable clarification or comments.

Regards

SANJAY

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Showing Replies 1 to 1 of 1 Records

Page: 1


1 Dated: 16-1-2015
By:- MARIAPPAN GOVINDARAJAN

Dear Sir,

Whether you have got clarification in this regard? If not please mention the same.


Page: 1

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