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  • Guide to Excise Duty Levy on Jewellery under Budget 2016

    Mar 24, 2016  (a) All payments of central excise duty will be based on first sale invoice value; (b) The central excise authorities will not challenge the valuation given in the invoice provided the cartage purity and weight of the gold/silver with precious stones; and

  • CBEC removes 1% excise duty on branded gold coins ...

    Dec 01, 2016  Branded gold coins may become cheaper after the government scrapped 1 per cent excise duty on them. In a notification, the Central Board of Excise and Customs (CBEC) said excise duty will be nil on gold coins of purity 99.5 per cent and above, bearing a brand name when manufactured from gold on which appropriate duty of Customs or excise has been paid.

  • Excise duty on gold Jewellery...CBEC clarifies

    Mar 20, 2012  In the Budget for 2011-12, full exemption from Central Excise duty was withdrawn on 130 items which were being charged to State VAT in a bid

  • excise duty on metal gold ore unit - thailand-birma.nl

    「Central excise duty on gold bullion, Central Excise」 Under Sl.No.189 Gold bars, other than tola bars, bearing manufacturers engraved serial number and weight expressed in metric units manufactured in a factory starting from the stage of (a) Gold ore or concentrate; (b) Gold dore bar; or (c) Silver dore bar attracts 3% duty.

  • Central Excise Duty - The Dollar Business

    In a release, the Central Board of Excise and Customs (CBEC) said that assessee jewellers should make payments of their excise dues for March, April and May months, together with the payment of excise duty for the month of June. “However, the liability for payment of excise duty is with effect from March 1, 2016,” it said.

  • CBEC prescribes 1% excise duty on jewellery

    a) excise duty of 1% without input and capital goods tax credit or 12.5 % with credit to apply to articles of jewellery, parts of articles of jewellery, made of platinum, gold and silver; b) to levy duty on handicrafts falling under heading 7113 of the Central Excise Tariff Act, 1985. c) excise duty on jewellery payable at first sale invoice value

  • excise duty on gold: Latest News on excise duty on gold ...

    Mar 16, 2020  Government tables notifications on excise duty, road cess rise on petrol, diesel 16 Mar, 2020, 04.45 PM IST. Minister of State for Finance Anurag Singh Thakur placed the notifications dated March 13, 2020 seeking to raise special additional excise duty on petrol by Rs 2 to Rs 8 per litre in case of petrol and to Rs 4 per litre litre from Rs 2 in case of diesel.

  • Excise on jewellery: Summary of Recent Notifications ...

    Jul 26, 2016  Notification No. Gist of notifications: 26/2016–Central Excise: Seeks to amend notification No. 12/2012-Central Excise so as to prescribe 1% excise duty (without input and capital goods credit) on parts of articles of jewellery falling under heading 7113 of the Central Excise Tariff Act, 1985 (5 of 1986), and to prescribe a criteria for classification of an articles of jewellery or part of ...

  • Central excise to keep eye on gold business Pune News ...

    Central excise to keep eye on gold business; ... records of processing, jewellery made from it and daily trading, among others. ... It means the central excise duty will be calculated on Rs 30,000 ...

  • Excise on Jewellery – A Brief Overview

    The scheme of levy and collection of Central Excise duty on articles of Jewellery is as under: (a) The levy and collection of Central Excise Duty is on the manufacture of Jewellery (excluding silver Jewellery, not studded with diamonds, ruby, emerald or sapphire). ... Whether the duty is restricted only for the gold Jewellery or it also extends ...

  • excise duty on metal gold ore unit - thailand-birma.nl

    「Central excise duty on gold bullion, Central Excise」 Under Sl.No.189 Gold bars, other than tola bars, bearing manufacturers engraved serial number and weight expressed in metric units manufactured in a factory starting from the stage of (a) Gold ore or concentrate; (b) Gold dore bar; or (c) Silver dore bar attracts 3% duty.

  • 28431010 - Of gold Central Excise Duty and Tariff.

    28431010 - Of gold Search updated Central Excise Duty and Tariff of Years 2009, 2008, 2007 and 2006. Details of Modvat and cenvat.

  • Excise duty exemption on branded gold coins – Reg

    Seeks to further amend notification No. 12/2012-Central Excise dated 17th March, 2012, in respect to the excise duty exemption on branded gold coins of purity 99.5% and above.. GOVERNMENT OF INDIA. MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 36/2016 – Central Excise. New Delhi, the 1st December, 2016

  • excise on ball mill gold ore unit - kurkowa14.pl

    We sent a substantial amount of quartz gold ore to a mill for processing. After a couple hundred tests on the material an average grade was calculated. ... excise duty in manganese ore grinding central excise duty on stone crusher Overview of central excise duty on stone crusher,» does excise duty levied on . central excise rebate from re ...

  • Central Excise Duty - The Dollar Business

    In a release, the Central Board of Excise and Customs (CBEC) said that assessee jewellers should make payments of their excise dues for March, April and May months, together with the payment of excise duty for the month of June. “However, the liability for payment of excise duty is with effect from March 1, 2016,” it said.

  • petrol price hike: Government hikes excise duty on petrol ...

    The Central government Tuesday raised excise duties by Rs 10 per litre on petrol and Rs 13 per litre on diesel, which will kick into effect from May 6. The increase in excise comes amid crude oil prices still remaining at relatively lower levels of $23.86 a barrel, compared to peak level prices.

  • 85423100 - Processing and controllers, whether or not ...

    85423100 - Processing and controllers, whether or not combined with memories, converters, logic circuits, ampli Updated India Import Duty and Custom duty of Customs tariff of 2006, 2007, 2008 and 2009 in Single View.

  • CELP Jewellery sector final 29.3 - Amazon Web Services

    In 2005, Central Excise Duty @ 2% was imposed on branded Jewellery. The collections of excise duty from this sector were reported to be merely Rs.16 crore till 2008 which as per the statistics was said to be less than one-tenth of the cost of collection of excise duty for this section. Hence, the excise duty was withdrawn in 2009.

  • Job work for exempted goods - Udyog Software

    of gold and other precious metals, falling under Chapter 71 of the Central Excise Tariff ... intermediate production processes in relation to goods on which central excise duty or state excise duty will be paid by the principal; ... (iv) intermediate processes in relation to agriculture, textile processing or printing. Excise duty Notification ...

  • 2020 (7) TMI 201 - Central Excise

    23 小时前  Head Note / Extract: 100% EOU - Benefit of N/N. 22/2003-CE dt.31.3.2003 and Para 3(e) of Notification No.52/2003-Cus dt.31.3.2003 - clearance of waste and scrap of HDPE drum, MS GI, Polymer, Paper, BOPP Tapes materials and other non-usable scraps, to DTA without payment of duty - Rule 9(b), 13, 14 192 of erstwhile Central Excise Rules, 1944 - HELD THAT:- Admittedly, as per

  • Excise Duty in India - Check out Types Rates of Excise Duty

    Jul 01, 2017  Special Excise Duty: Central Excise Duty is charged under Section 37 of the Finance Act, 1978. It is levied on all excisable products that are subject to Basic Excise Duty under Section 3 of the Central Excises and Salt Act, 1944. The rate at which Special Excise Duty is charged is mentioned in the Second Schedule to Central Excise Tariff Act ...

  • Customs and Central Excise Duties Drawback Rules, 1995

    Certified that the goods were not taken into use after the manufacture. Certified that no separate claim for rebate of duty has been made or will be made to the Central Excise Authorities under Rule 12 and Rule 191-B as in force immediately before 1st October, 1994 or under Rule 13 of Central Excise Rules 1944 and that the Customs and Central Excise duty has been paid on the raw material used ...

  • Central excise duty on gold bullion, Central Excise

    Under Chapter heading 7108 gold attracts 12% duty. However, Notification no. 12/2012 CE dated 17.3.2012 has prescribed effective rate of duty in respect of different forms of gold. Under Sl.No.188 "Primary gold converted with the aid of power from any form of gold other than gold ore, concentrate or dore bar" attracts Nil duty.

  • central excise tariff no of ball mill components

    The Central Government having regard to the average quantum of duty of excise leviable under the First Schedule to the Central Excise Tariff Act 1985 (5 of 1986) on monitor motherboard key board mouse and other parts and components used in the manufacture of the computers which are exempt from whole of the duty of excise leviable thereon under ...

  • 28431010 - Of gold Central Excise Duty and Tariff.

    28431010 - Of gold Search updated Central Excise Duty and Tariff of Years 2009, 2008, 2007 and 2006. Details of Modvat and cenvat.

  • Central excise duty on gold bullion, Central Excise

    Under Chapter heading 7108 gold attracts 12% duty. However, Notification no. 12/2012 CE dated 17.3.2012 has prescribed effective rate of duty in respect of different forms of gold. Under Sl.No.188 "Primary gold converted with the aid of power from any form of gold other than gold ore, concentrate or dore bar" attracts Nil duty.

  • Excise Duty : What is Excise Duty in India - Know Rates ...

    Basic Excise Duty- Sometimes referred to as Central Value Added Tax (CENVAT), this type of excise duty is imposed on goods classified under the first schedule of the Central Excise Tariff Act, 1985. This duty is imposed under Section 3(1) (a) of the Central Excise Act, 1944 and levied on all excisable goods in the country except salt.

  • Mallika Saree Processing vs Commissioner Of Central Excise ...

    In order to attract Central Excise duty, the process should bring into existence new goods as held by the Apex Court in the case of Delhi Cloth and General Mills (1978 ELT J 336 SC). The contention raised by the appellant that this process does not bring into existence new goods and is not a process of manufacture is required to be upheld.

  • EFFECTIVE FROM 17.03 - Taxindiaonline

    Whether the jewellery shop, which purchases gold jewellery from another manufacturer is liable to pay duty? ! No. Central Excise duty liability is only on the manufacturer and not on the trader of Excisable goods. ! The requirement is that the goods are to be purchased

  • 85423100 - Processing and controllers, whether or not ...

    85423100 - Processing and controllers, whether or not combined with memories, converters, logic circuits, ampli Updated India Import Duty and Custom duty of Customs tariff of 2006, 2007, 2008 and 2009 in Single View.

  • Excise duty on branded gold coins scrapped; should you buy ...

    The government has scrapped the excise duty on branded gold coins, a move that one would assume benefit the industry and consumers alike. However, World Gold Council and Titan are not too enthused ...

  • Indian Customs Manual - Special Economic Zone Scheme

    In terms of section 3 of the Central Excise Act, 1944, the excise duty leviable on goods manufactured in an SEZ unit and cleared into Domestic Tariff Area is an amount equal to the customs duty leviable under section 12 of the Customs Act, 1962 or under any other law for the time being in force on like goods produced or manufactured outside ...

  • Import Gold and Silver by NRI and Selling in country.

    If the amount of gold imported exceeds the import duty free range, then the custom duty charges an amount of Rs. 250 per 10 gms of gold. Even in such a situation, an individual is only permitted to import a maximum of 10 kg of Gold as a part of their baggage after paying the required customs duty.

  • 2020 (7) TMI 201 - Central Excise

    23 小时前  Head Note / Extract: 100% EOU - Benefit of N/N. 22/2003-CE dt.31.3.2003 and Para 3(e) of Notification No.52/2003-Cus dt.31.3.2003 - clearance of waste and scrap of HDPE drum, MS GI, Polymer, Paper, BOPP Tapes materials and other non-usable scraps, to DTA without payment of duty - Rule 9(b), 13, 14 192 of erstwhile Central Excise Rules, 1944 - HELD THAT:- Admittedly, as per

  • FAQ ON CENTRAL EXCISE DUTY ON ARTICLES OF

    Central Excise registration has to be obtained when the turnover crosses the specified exemption limit. However a manufacture of excisable goods can obtain registration from beginning and pay Central Excise duty without claiming exemption. Registration of the establishment can be taken within 60 days from 1st March, 2016.

  • Central Excise on Jewellery Industry

    • “Gold is a strong demerit good as 80 per cent is consumed by top 20 per cent income earners while it is taxed at 1 to 1.6 per cent compared with tax of about 26 per cent for normal goods. The Central Excise duty on Jewellery is zero as compared to 12.5 per cent for

  • One Per Cent Excise Duty On Gold To Stay, Says Arun Jaitley

    Apr 28, 2016  Finance Minister Arun Jaitley today said that jewellers will have to pay one percent excise duty on gold, reiterating the government's stand despite widespread protest from the traders.

  • 84715000 - Digital processing units other than those of ...

    84715000 - Digital processing units other than those of sub-headings 8471 41 or 8471 49, whether or not contain Search updated Central Excise Duty and Tariff of Years 2009, 2008, 2007 and 2006. Details of Modvat and cenvat.

  • Central Board of Excise and Customs removes 1 per cent ...

    NEW DELHI: Branded gold coins may become cheaper after the government scrapped 1 per cent excise duty on them. In a notification, the Central Board of Excise and Customs (CBEC) said excise duty will be nil on gold coins of purity 99.5 per cent and above, bearing a brand name when manufactured from gold on which appropriate duty of Customs or excise has been paid.

  • Central Excise on Jewellery Industry

    • “Gold is a strong demerit good as 80 per cent is consumed by top 20 per cent income earners while it is taxed at 1 to 1.6 per cent compared with tax of about 26 per cent for normal goods. The Central Excise duty on Jewellery is zero as compared to 12.5 per cent for

  • CBEC says 1% excise duty applies to manufacture of all ...

    Jan 20, 2018  The one per cent Central excise duty on manufacture of jewellery would apply to not only new articles but also those that are made by exchanging or melting old jewellery, the Central Board of ...

  • Excise Duty On Gold: Latest News, Photos ... - NDTV

    May 05, 2016  Gold imports fell sharply by 67.33 per cent to 19.6 tonnes in April 2016 as jewellers' strike opposing one per cent excise duty on non-silver jewellery significantly hit demand for the metal ...

  • Sangita Printers And Exporters vs Collector Of C. Excise ...

    Sangita Printers and Exporters of Ahmedabad had manufactured and cleared excisable goods falling under Central Excise Tariff Item Nos. 14(1) and ISA and 15AA excisable goods as exempted without payment of Central Excise duty as per Notification No. 80/80-C.E., dated 19-6-1980 and 83/83-C.E., dated 1-3-1983 as amended from time to time and that ...

  • Customs and Central Excise Duties Drawback Rules, 2017

    Certified that goods were not taken into use after the manufacture. Certified that no separate claim for rebate of duty has been made or will be made to the Central Excise Authorities under rule 18 or rule 19 of Central Excise Rules, 2002 and that the Customs and Central Excise duty has been paid on the raw materials used in the manufacture of the goods.

  • A HANDBOOK ON RECENT CHANGES APPLIED FOR EXCISE IN ...

    Further, it was provided that though, the liability for payment of central excise duty will be with effect from 1st March, 2016, the assessee 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 upto an extended date of 31.07.2016. 3.

  • What is excise duty all about? - Rediff Business

    Aug 26, 2009  Basic - Excise Duty, imposed under section 3 of the 'Central Excises and Salt Act' of 1944 on all excisable goods other than salt produced or manufactured in

  • Excise duty exemption limit for jewellers hiked to Rs 10 ...

    “Excise duty of 1 per cent without input and capital goods tax credit or 12.5 per cent with credit may apply to parts of articles of jewellery, made of platinum, gold and silver,” the government said while accepting the Ashok Lahiri-chaired sub-committee’s recommendations submitted to it on June 23.

  • Liability on scrap if generated from activity not ...

    Dec 10, 2015  agriculture, printing or textile processing; cut and polished diamonds and gemstones; or plain and studded jewellery of gold and other precious metals, falling under Chapter 71 of the Central Excise Tariff Act ,1985 (5 of 1986); any goods on which appropriate duty is payable by the principal manufacturer (emphasis mine);

  • THE EXCISES AND SALT ACT, 1944

    Regulatory duty of Excise.-13[(1) The Government may, by notification in the official Gazette, levy, subject to such conditions, limitations and restrictions as it may deem fit to impose, a regulatory duty-(a) on any excisable goods or excisable services, in addition to the duty leviable under section 3, at a rate not exceeding 14[100] per

  • Petrol price: Excise duty raised on petrol and diesel ...

    Together with central and state taxes, freight, dealers commission the petrol on Wednesday is priced at Rs 71.26 a litre in Delhi while diesel's current selling price stands at Rs 69.39 a litre. "Auto fuels comprise 20-30 of revenue of state governments while it f orms a significant portion of excise revenue for states.

  • Central Excise law and rates of duty have been proposed ...

    6) Basic Excise duty on Gold bars and gold coins of purity not below 99.5%, produced during the process of copper smelting is being increased from 9% to 9.5%. S. No. 191 (i) of Notification No.12/2012- Central Excise, dated 17th March, 2012 as amended by notification No. 12/2016- Central Excise dated 1st March, 2016 refers.

  • TIOL - Tax News, GST, Income Tax, Service Tax, Customs ...

    Central Excise Rule 16B of Central Excise Rules allows clearance of semi finished excisable goods for processing outside the factory - Everest Industries Ltd vs. CCE 2005(186) ELT 570 (CESTAT) . 3. Job worker is not required to return the waste and scrap to raw material supplier and the raw material supplier is not required to pay any duty on ...