TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Jewellery Manufacturers Can Opt for Excise Duty on First Sale Value Under 2016 Rules; Requires Annual Declaration</h1> The Articles of Jewellery (Collection of Duty) Rules, 2016, provide an optional scheme for manufacturers or principal manufacturers dealing in manufactured and traded jewellery articles. They can opt to pay excise duty on the first sale value of manufactured articles if sales are less than or equal to the opening stock of manufactured articles. This option requires a written declaration to excise authorities and is valid for the entire financial year. Manufacturers must maintain separate records for stock and sales of silver, gold, and platinum articles. The rules outline how to calculate excise duty based on sales and stock levels, with specific provisions for excess sales and stock transfers.
TaxTMI 
TaxTMI 
