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...
Section 5A of the Central Excise Act, 1944 – Power to grant exemption from duty of excise – Exemption to specified excisable goods. NOTIFICATION NO. 1/2011-CENTRAL EXCISE, DATED 1-3-2011 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, on being satisfied that it is necessary in the public interest so to do, hereby exempts the excisable goods of the description specified in column (3) of the Table below and falling under Chapter, heading, sub-heading or tariff item of the First Schedule to the Central Excise Tariff Act, 1985 ( 5 of 1986), specified in the corresponding entry in column (2) of the said Table, from so much of the duty of excise leviable thereon under the said Central Excise Act, as is in excess of the amount calculated at the rate of 1% ad valorem :
