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Stock of slow moving jewellery (“dead stock”).

Rule 13 - Rule - Central Excise - Rule 13 - 13. Stock of slow moving jewellery ( dead stock ). - (1) An assessee maintaining separate stocks of manufactured and traded articles and showing the value of such manufactured and traded articles separately .....

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, who opts to pay the excise duty as per the optional scheme under rule (12), if at the end of a particular return cycle, the cumulative sales for three types of articles, namely silver studded articles; gold or platinum articles studded with diamond .....

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of the return cycle, then the whole of the dead stock of such articles would be deemed to be that of traded articles, and new articles made out of such dead stock on its receipt back by the manufacturer or principal manufacturer, as the case may be, .....

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n exported till the end of a particular return cycle are less than the cumulative receipts till the end of that return cycle of such manufactured articles, then the dead stock of such articles at the end of such return cycle, equal to the difference .....

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Thus, two alternative situations can be considered in treatment of the dead stock at the end of the quarter: Situation 1 - Cumulative sales at the end of return cycle are more than the cumulative receipts of manufactured articles: i. Cumulative rece .....

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as the case may be, has paid excise duty or which have been exported). iii. Then, whole of the dead stock silver studded articles at the end of such quarter shall be treated as that of traded stock and new articles made out of such dead stock on its .....

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