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https://www.wsj.com/articles/SB10001424052702304363104577389443337247370
May 07, 2012 · NEW DELHI—Indian Finance Minister Pranab Mukherjee removed, as expected, the excise tax on sales of all gold jewelry. The move likely will …Estimated Reading Time: 1 min
http://archives.cpajournal.com/old/11583345.htm
The controversy arises from ambiguities in the determination of tax liabilities for the automobile, boat, aircraft, jewelry, and fur industries. The excise tax is intended to reduce the federal deficit by enforcing a 10% surcharge on high-priced products but unjustly levies the tax on only the five industries mentioned.
http://congressionalresearch.com/RS20314/document.php
Several other luxury excise taxes were revisited in this law, with excise taxes imposed on boats, aircraft, jewelry, and furs. 1 The excise tax on jewelry and furs was 10% of the sales price over $10,000. A 10% excise tax was also imposed on the sales price of
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