Feedback   New User   Login      
Tax Management India. Com TMI - Tax Management India. Com
Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Case Laws Manuals Short Notes Articles SMS News Highlights
        Home        
Extracts
Home List
← Previous Next →

General procedures regarding excise duty on articles of jewellery or parts of articles of jewellery or both falling under heading 7113

Central Excise - 1043/31/2016 - CX - Dated:- 26-7-2016 - Circular No. 1043/31/2016 - CX F. No. 354/25/2016 - TRU (Pt.-I) Government of India Ministry of Finance (Department of Revenue) Tax Research Unit New Delhi, the 26th July, 2016 To, Principal Ch .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

rding In this year's Budget, central excise duty of 1% without input and capital goods tax credit or 12.5% with credit was imposed on articles of jewellery falling under heading 7113 of the First Schedule to the Central Excise Tariff 1985. Subseq .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

Sub-Committee has given its report on 23.06.2016, which has been accepted by the Government. 2. In the above context, for manufacturers/principal manufacturers of articles of jewellery or parts of articles of jewellery or both, falling under heading .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

or principal manufacturer of articles of jewellery may also do trading of articles of jewellery from his central excise registered premises. ii. For a jeweller [above the SSI excise duty exemption limit]: (a) in case his first sale invoices show exci .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

and duty payable will have to be determined accordingly. iii. No excise duty will be payable on the sale of traded articles of jewellery [on which appropriate excise duty, including nil duty, has already been paid]. iv. Records maintained for State .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Discussion Forum
what is new what is new
 


Share:            

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version