The Central Government extends the time limit for taking Central Excise registration of an establishment by a jeweller up to 01.07.2016
CBEC vide Circular No. 1021/9/2016-CX, Dated: March 21, 2016 provided for constitution of a Sub-Committee of the High Level Committee to Interact with Trade & Industry on Tax Laws, chaired by Dr. Ashok Lahiri to study the issues relating to the imposition of excise duty on jewellery including the issues related to compliance procedure for the excise duty, records to be maintained, operating procedures and any other issues that may be relevant..
In this regard, CBEC vide Circular No. 1025/13/2016-CX, Dated: April 22, 2016 has provided that names of the committee members with a request that all associations may submit representations before the subcommittee in writing and the all India associations would need to state their cases in person.
Further CBEC vide Circular No. 1026/14/2016-CX, Dated: April 23, 2016 has provided that now a jeweller may take central excise registration of an establishment upto 01.07.2016. However, it is to be noted that excise duty would be payable w.e.f from 1st March 2016 itself. Further, jewellers may make the payment of excise duty for the months of March, 2016; April, 2016 and May, 2016 along with the payment of excise duty for the month of June, 2016.
Regarding extension of time limit for taking Central Excise registration by a jewellery establishment and payment of central excise duty for the assessee jeweller.
Circular No. 1026/14/2016-CX
F. No. 354/25/2016-TRU
Government of India
Ministry of Finance
Tax Research Unit
New Delhi, the 23rd April, 2016
To,
Principal Chief Commissioners / Chief Commissioners of Central Excise (All);
Principal Chief Commissioners / Chief Commissioners of Customs & Central Excise (All);
All Director Generals of Customs, Central Excise & Service Tax
Sir / Madam,
Subject: Imposition of Central Excise duty on jewellery Constitution of sub-committee of the High Level Committee- regarding.
Kindly refer to the Circular No. 1021/9/2016-CX dated 21.03.2016 issued vide F. No. 354/25/2016-TRU.
2. In this regard, the time limit for taking central excise registration of an establishment by a jeweller is being extended up to 01.07.2016. Though, the liability for payment of central excise duty will be with effect from 1st March, 2016, the assessee jewelers may make the payment of excise duty for the months of March, 2016; April, 2016 and May, 2016 along with the payment of excise duty for the month of June, 2016.
3. Wide publicity may be given to this circular. Difficulty, if any, in implementing the circular should be brought to the notice of the Board. Hindi version would follow.
Yours faithfully,
(Anurag Sehgal)
Under Secretary
what is the procedure of Registration of a JEWELLARY TRADE – When the liability will start for getting Registration on the —— PURCHASE, ON THE SELING , ON THE MAKING OF NEW ORNAMENTS and ON THE REPAIREOF OLD ORNAMENTS, Please guide under recently imposed EXECISE DUTY ON jewellery . and what is the meaning of 1 % without INPUT TAX CREDIT AND 12.5 % Please and refer me SOME BOOKS,
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what is the procedure of Registration of a JEWELLARY TRADE – When the liability will start for getting Registration on the —— PURCHASE, ON THE SELING , ON THE MAKING OF NEW ORNAMENTS and ON THE REPAIREOF OLD ORNAMENTS, Please guide under recently imposed EXECISE DUTY ON jewellery . and what is the meaning of 1 % without INPUT TAX CREDIT AND 12.5 % Please and refer me SOME BOOKS