Excise Duty : Central Excise duty on Jewellery though introduced initially for branded Jewellery and later extended to all Jewellery was subsequ...
Excise Duty : The practice prevalent in jewellery industries in India on charging for wastages from the customers along with the cost of jewelle...
Excise Duty : ER8 is a quarterly Return for production and removal of goods and other relevant particulars. The excel utility can be used for cr...
Excise Duty : This write up is to update you on the recent developments on applicability of Excise on Gems and Jewellery Industry. On the basis ...
Excise Duty : In this year’s Budget, a nominal excise duty of 1% [without CENVAT Credit on Capital Goods and Inputs] and 12.5% [with CENVAT Cr...
Excise Duty : Government accepts the recommendations of Sub-Committee of the High Level Committee to interact with Trade & Industry on Tax Laws ...
Excise Duty : The publication Central Excise Law and Procedure for Jewellery Industry has been brought out by Indirect Taxes Committee of ICAI t...
Excise Duty : Government constitutes a Sub-Committee under the aegis of the High Level Committee (HLC) on issues related to excise duty on diffe...
Income Tax : There is no requirement of declaring pre-budget stocks. Directions have also been issued barring any visits to the jeweller’s p...
Excise Duty : In this year’s Budget, a nominal excise duty of 1% [without input tax credit] and 12.5% [with input tax credit] has been imposed...
Excise Duty : In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Gove...
Excise Duty : Specification of 17th August, 2016 as the date on which clause (v) of rule 5 and rule 6 of Central Excise (Amendment) Rules, 2016 ...
Excise Duty : a) Annex I - contains a brief summary of the amendments made vide various notifications to the existing Tariff and Non-Tariff noti...
Excise Duty : i. All jewellery manufactured and removed, on or before February 29, 2016, from the premises of the job workers or any other premi...
Excise Duty : i. No transit checks shall be carried out by the excise officials for checking movement of semi-finished or finished articles of j...
(i) There shall be no requirement for taking central excise registration by a manufacturer or principal manufacturer or a jeweller, who exports 100% of articles of jewellery manufactured by him or got manufactured by him on job work basis, subject to the following conditions that:
In the context of Excise Audit of manufacturers/principal manufacturers of articles of jewellery or parts of articles of jewellery or both, falling under heading 7113 of the Central Excise Tariff Act [hereinafter referred to as articles of jewellery] the Sub-Committee has made certain recommendations, which have been accepted by the Government.
Seeks to amend notification No. 36/2001-Central Excise (N.T.) dated 26th June, 2001, so as to exempt a manufacturer or principal manufacturer of articles of jewellery or parts of articles of jewellery or both, falling under heading 7113 of the Central Excise Tariff Act, 1985 (5 of 1986) from taking central excise registration upto the full exemption limit, which is being increased to Rs. 10 Crore.
Seeks to amend notification No. 17/2006-Central Excise (N.T) dated the 1st August, 2006 so as to exempt a manufacturer or principal manufacturer of articles of jewellery or parts of articles of jewellery or both, falling under heading 7113 of the Central Excise Tariff Act, 1985 (5 of 1986) from filing of annual return.
A person engaged in manufacture of articles of jewellery or parts of articles of jewellery or both, falling under chapter heading 7113 of the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), either through a job-worker or otherwise, may get himself registered by 31st day of July, 2016.
Form E.R.-8 – [See rule 12 of the Central Excise Rules, 2002]- [To be submitted by the assessee falling under fourth proviso to rule 12(1) of the Central Excise Rules, 2002] Return of excisable goods cleared @ 1% or @ 2% duty for the quarter:
(i) in relation to articles of jewellery or parts of articles of jewellery or both, falling under heading 7113 of the First Schedule to the Excise Tariff Act, includes a person who is liable to pay duty of excise leviable on such goods under sub-rule (1) of rule 9 of the Articles of Jewellery (Collection of Duty) Rules, 2016;
Does not manufacture any other excisable goods other than those specified in the said notifications, he shall file a quarterly return in the form specified by notification by the Board, of production and removal of goods and other relevant particulars, within ten days after the close of the quarter to which the return relates.
These rules may be called the Articles of Jewellery (Collection of Duty) Rules, 2016. Date for determination of duty. – (1) The rate of duty applicable to the articles, shall be the rate in force on the date when such articles are sold for the first time by the manufacturer or principal manufacturer, as the case may be, from his registered premises or centrally registered premises or branches of such centrally registered premises.
Articles of jewellery or parts of articles of jewellery or both, (other than those which are manufactured from the precious metal provided by the retail customer)- Value at which such excisable goods are sold for the first time from the registered premises or from the centrally registered premises, or branches of such centrally registered premises
