NEBULA Watch is Jewellery for levy of VAT in Gujarat

In the present case, NEBULA Watch, which is predominantly a jewellery, is made of gold, precious metals and /or precious stones /diamonds and is made of 18 Karat gold. Under the circumstances, the same can be said to be an “Article or Jewellery” falling within Entry No.13(ii) of Schedule II of the Act. Relevant Extract of the Judgment [2.2] It was the case on behalf of the assessee / dealer that the assessee is manufacturing Electronic Watches, Jewellery Watches (NEBULA brand), Jewellery (Tanishq brand), Spectacles (sun glasses /goggles – Fastrack Brand) at his various factories in India...