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Government accepts the recommendations of Sub-Committee of the High Level Committee to interact with Trade & Industry on Tax Laws on issues relating to compliance procedure for the excise duty,records to be maintained and other relevant administrative issues

News and Press Release - Dated:- 14-7-2016 - Government has also decided to increase the SSI Eligibility limit and SSI Exemption limit for manufacturers of articles of jewellery or parts of articles of jewellery or both. In this year s Budget, a nomi .....

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gh Level Committee to interact with Trade & Industry on Tax Laws to interact with trade and industry on issues relating to compliance procedure for the excise duty, including records to be maintained and any other administrative issues that may b .....

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payable atfirst sale invoice value; c) in case the invoice does not show excise duty separately, the value for VAT will be treated as cum duty value [value + excise duty]; d) no excise duty may be payable on the sale of traded goods; e) records main .....

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, which does not involve sale, for example, movement of jewellery, to be shown as samples, branch transfers not involving sale, for display in exhibition, for hallmarking, and for approval before sale, may not be liable to excise duty. No transit che .....

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ly on value addition, including cost of additional materials and labour charges charged, subject to the maintenance of certain records; h) Repairs and alterations, which do not change the identity, character and use of the goods and do not result in .....

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eme may be prescribed for jewellers who are not able to maintain separate physical stocks and / or records of manufactured and traded goods. For availing the optional scheme, a principal manufacturer of jewellery shall maintain separate stocks on wei .....

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