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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Government Accepts Sub-Committee Report: New Excise Duty Rules for Jewelry Industry, Includes Exemptions and Simplified Procedures.</h1> A Sub-Committee under the High-Level Committee, led by Dr. Ashok Lahiri, was established to engage with the trade industry regarding excise duty procedures for jewelry. The Sub-Committee's report, accepted by the government, led to several notifications and circulars by the Central Board of Excise & Customs. These include amendments to excise duty rates, exemptions, and procedural guidelines for jewelry under heading 7113 of the Central Excise Tariff Act, 1985. Key changes involve duty exemptions for specific manufacturing processes, revised SSI exemption limits, and procedural simplifications for exports and audits. Manufacturers are advised to comply with these updates.
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