Tag Archives: jewellery

Quarterly return for Jewellers- New ER-8 Return format

By | July 27, 2016

Seeks to provide a modified format for quarterly return, ER-8, for return of excisable goods cleared at the Central Excise duty rate of 1% [including articles of jewellery or parts of articles of jewellery or both, falling under heading 7113] or 2%. [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3,… Read More »

Procedures for excise duty on jewellery issued by CBEC

By | July 27, 2016

Circular No. 1043/31/2016 – CX F. No. 354/25/2016 – TRU (Pt.-I) Government of India Ministry of Finance (Department of Revenue) Tax Research Unit ***** New Delhi, the 26th July, 2016 To, Principal Chief Commissioners / Chief Commissioners of Central Excise (All); Principal Chief Commissioners / Chief Commissioners of Customs & Central Excise (All); All Director… Read More »

Guidelines for search or arrest of jewellers issued by CBEC

By | July 27, 2016

Circular No. 1044/32/2016 – CX F. No. 354/25/2016 – TRU (Pt.-I) Government of India Ministry of Finance (Department of Revenue) Tax Research Unit ***** New Delhi, the 26th July, 2016 To, Principal Chief Commissioners / Chief Commissioners of Central Excise (All); Principal Chief Commissioners / Chief Commissioners of Customs & Central Excise (All); All Director… Read More »

Central Excise Law for Jewellery (105 FAQ )

By | March 31, 2016

 New Publication ‘Central Excise Law and Procedure for Jewellery Industry (including 105 FAQs)” to promote ease of doing business The Union Budget 2016-17 has proposed to impose a 1% excise duty (without input tax credit) and 12.5 % (with input tax credit) on articles of jewellery excluding silver jewellery, other than studded with diamonds/other precious… Read More »

Govt clarify Excise Duty on Jewellery

By | March 19, 2016

Government clarifies to the Jewellery Industry about the issues relating to imposition of Excise Duty on articles of Jewellery with simplified procedures.  In the General Budget for 2016-17, a nominal excise duty of 1% [without input tax credit] and 12.5% [with input tax credit] has been imposed on articles of jewellery with simplified procedures.  Salient… Read More »

Govt clarify levy imposed on jewellery

By | March 4, 2016

Clarifications on levy imposed on jewellery 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 on articles of jewellery. Even for this nominal 1% excise duty, manufacturers are allowed to take credit of input services, which can be utilised for payment… Read More »