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Government clarifies to the Jewellery Industry about the issues relating to imposition of Excise Duty on articles of Jewellery with simplified procedures.

News and Press Release - Dated:- 19-3-2016 - Press Information Bureau Government of India Ministry of Finance 18-March-2016 19:56 IST In the General Budget for 2016-17, a nominal excise duty of 1% [without input tax credit] and 12.5% [with input tax .....

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th of March, 2016, a number of representatives of jewellery industry met Secretary (Revenue), Government of India and Chairman (Central Board of Excise &Customs) to discuss the concerns regarding imposition of this levy. During the meeting, the a .....

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isits of Inspectors to the Jewellers thereby bringing back the days of Inspector Raj. c) Who has to take excise registration and file return? d) What documents are to be maintained for excise purposes? The representatives of industry also requested f .....

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t all these issues have already been clarified vide Chairman s D.O. letter dated 3rd March, 2016 to field formations and the Press release dated 4th March, 2016, copies of which were also provided to them. Further, in the meeting, the following was c .....

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imit of ₹ 6 crore is available to a jewellery manufacturer if his aggregate value of domestic clearances is less than ₹ 12 crore in the preceding financial year. c) Artisans and job-workersare not covered within the ambit of this duty and .....

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