Manufacturer engaged in the manufacture or production of articles of jewellery other than articles of silver jewellery may take Centralised Registration where Centralise Billing/Accounting has been done and condition of prior physical verification of premises has been done away.
Further, CBEC vide Notification No. 7/2016-Central Excise (N.T.), Dated: March 1, 2016 has withdrawn the requirement of fixing the tariff value of articles of jewellery (other than silver jewellery), falling under sub-heading No. 7113 of the First Schedule to the Central Excise Tariff Act, 1985 at the rate of 30% of the transaction value as declared in the invoice.
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification No. 7/2016–Central Excise (N.T.)
New Delhi, the 1st of March, 2016
G.S.R.238 (E).–In exercise of the powers conferred by sub-section (2) of section 3 of the Central Excise Act, 1944 (1 of 1944), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby rescinds the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 9/2012- Central Excise (N.T.), dated the 17th March, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 173 (E), dated the 17th March, 2012, except as respects things done or omitted to be done before such rescission.
[F. No. 334/8/2016 –TRU]
Under Secretary to the Government of India
Do you think #GST Council should provide option to Revise Form GSTR-3B?— Tax Guru (@taxguru_in) November 13, 2017
Please Comment, Like, Vote and Retweet the Poll.