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Imposition of Central Excise duty on jewellery Constitution of sub-committee of the High Level Committee

Imposition of Central Excise duty on jewellery Constitution of sub-committee of the High Level Committee - Central Excise - 1021/9/2016 - Dated:- 21-3-2016 - Circular No. 1021/9/2016-CX F. No. 354/25/2016-TRU Government of India Ministry of Finance Tax Research Unit New Delhi, the 21st March, 2016 To, Principal Chief Commissioners / Chief Commissioners of Customs (All) Principal Chief Commissioners / Chief Commissioners of Customs & Central Excise (All) Sir / Madam, Subject: Imposition of Ce .....

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Tax Laws, chaired by Dr. Ashok Lahiri, which will consist of: a. three representatives of the trade [to be decided by the Government]; b. one legal expert [to be decided by the Government]; c. officer concerned from the Ministry of Commerce & Industry [MoC&I] to be nominated by the MoC&I; and d. high level officials from the central excise department to be nominated by the Central Board of Excise and Customs. The composition of the Sub-Committee will be circulated once the names of .....

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ithin 60 days of its constitution. 5. Till the recommendations of the Sub-Committee are finalized, the following shall be adhered to: a) All payments of central excise duty will be based on first sale invoice value; b) The central excise authorities will not challenge the valuation given in the invoice provided the caratage / purity and weight of the gold/silver with precious stones; and carats of diamond/precious stones are mentioned on the invoice; c) The central excise officers will not visit .....

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