No excise duty exemption on duty of excise leviable in excess of amount calculated at the rate of 5% ad valorem on following Articles, other than jewellery, of (a) gold (b) silver (c) platinum, (d) palladium, (e) rhodium (f) iridium (g) osmium, or (h) ruthenium, manufactured or sold under a brand name.
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification No. 01/2017 – Central Excise
New Delhi, the 5th of January, 2017
G.S.R. (E). – In exercise of the powers conferred by sub-section (1) of section 5A 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 makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 2/2011-Central Excise, dated the 1st March, 2011, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide G.S.R. 117 (E), dated the 1st March, 2011, namely:-
In the said notification, in the Table, serial number 49 and the entries relating thereto shall be omitted.
[F. No. 354/122/2016 –TRU]
Under Secretary to the Government of India
Note:- The principal notification No. 2/2011-Central Excise, dated the 1st March, 2011 was published in the Gazette of India, Extraordinary, vide G.S.R. 117 (E), dated the 1st March, 2011 and last amended by notification No. 37/2016-Central Excise, dated the 31st December, 2016, published vide number G.S.R. 1201 (E), dated the 31st December, 2016.