TMI BlogSeeks to amend Notification No. 8/2003-Central Excise dated 17.03.2012 so as to carry out Budgetary changesX X X X Extracts X X X X X X X X Extracts X X X X ..... partment of Revenue) No. 8/2003-Central Excise dated the 1st March, 2003, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 138 (E) dated, the 1st March, 2003, namely :- In the said notification,- (a) in the Table, after serial number 2, and the entries relating thereto, the following serial number and entries shall be inserted, namely:- (1) (2) (3) 3 First clearances of the articles of jewellery for home consumption, other than articles of silver jewellery but inclusive of articles of silver jewellery studded with diamond, ruby, emerald or sapphire, falling under chapter heading 7113 of th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in the manufacture of specified goods bearing the brand name or trade name of another person, which are ineligible for the grant of this exemption in terms of paragraph 4; ; (ii) in sub-paragraph (iv), the following proviso shall be inserted, namely:- Provided that the manufacturer of the articles of jewellery other than articles of silver jewellery but inclusive of articles of silver jewellery studded with diamond, ruby, emerald or sapphire, falling under chapter heading 7113 of the First Schedule also does not utilise the credit on capital goods under rule 3 or rule 11 of the said rules, paid on capital goods, for payment of duty, if any, on the aforesaid clearances, the aggregate value of first clearances of which does ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in respect of goods bearing a brand name or sold under a brand name and having a retail price (RSP) of ₹ 1000 and above, falling under Chapters 61, 62, 63 (except laminated jute bags falling under 6305, 6309 00 00, 6310), shall be restricted to rupees twelve lakh fifty thousand for the remaining part of the financial year 2015-16. ; (e) in the Explanation, for clause (G), the following shall be substituted, namely :- (G) clearances for home consumption , wherever referred to in this notification, shall include clearances for export to Bhutan; . [F. No. 334/8/2016-TRU] (K. Kalimuthu) Under Secretary to the Government of India Note:- The principal notification No. 8/2003-Central Excise, dated the 1st March, ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
