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May 26, 2016 · Scope of Excise Duty on Jewellery The excise imposed upon Jewellery items is not applicable to non jewellery items of precious metals like gold etc. Hence, duty is not applicable on all articles of gold. As far as other articles of gold it depends …
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CA Lalit Munoyat. Part-IIA. To be candid enough, there is nothing much to write in the second part of Excise duty on unbranded items of jewellery of precious metal except some CLARIFICATIONS:. 1) There is No Excise Duty on jewellers who are engaged only in trading activity i.e. only buying & selling so long as they do not engage in the manufacture of the same.
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Apr 18, 2011 · CA GULAB BUMB, FCA. 1) The Finance Minister Shri P. Chidambaram while presenting his budget proposals on 28 th February 2005 stated that imitation jewellery attracted an excise duty of 16 per cent. Since they were products predominantly consumed by the less affluent sections, he proposed to reduce the excise duty to 8 per cent.
https://taxmantra.com/government-relax-excise-duty-gold-jewellery/
May 05, 2012 · The ministry had levied an excise duty of one per cent on branded precious metal jewellery in Budget this year. In the Union Budget 2012-13, the finance ministry included unbranded jewellery under the excise duty structure.However, jewellers may be subjected to scrutiny for extension of small-scale industry exemption, registration, etc, sources ...
https://www.indiainfoline.com/article/news-top-story/excise-duty-on-gold-jewellery-cbec-clarifies-113103100851_1.html
Mar 20, 2012 · Excise duty on gold Jewellery...CBEC clarifies This rate was applicable if no Cenvat credit of duty paid on inputs or input services is taken. There have …
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