Excise duty compliance relief for jewellery exporters: registration waived subject to bank guarantee and export conditions. Manufacturers, principal manufacturers, or jewellers exporting 100% of jewellery under heading 7113 are exempt from central excise registration if they provide a bank guarantee for excise liability (additional to guarantees for customs duty on gold and VAT), accept registration upon default of export obligation, pay excise on first domestic sale or obtain release of equivalent guarantee, and file nil returns where no domestic sales occur; exporters may continue to export on self-declaration and Letter of Undertaking without LUT ratification until procedures are finalised.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Excise duty compliance relief for jewellery exporters: registration waived subject to bank guarantee and export conditions.
Manufacturers, principal manufacturers, or jewellers exporting 100% of jewellery under heading 7113 are exempt from central excise registration if they provide a bank guarantee for excise liability (additional to guarantees for customs duty on gold and VAT), accept registration upon default of export obligation, pay excise on first domestic sale or obtain release of equivalent guarantee, and file nil returns where no domestic sales occur; exporters may continue to export on self-declaration and Letter of Undertaking without LUT ratification until procedures are finalised.
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