Formation of Sub-Committee of the High Level Committee, headed by Dr. Ashok Lahiri to interact with Trade Industry on issues relating to procedure and compliance relating to excise duty on articles of Jewellery
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Excise duty on articles of jewellery: procedural and compliance changes implemented via new notifications and clarifying circulars. The CBEC accepted the Sub-Committee report and issued Notifications and Circulars implementing excise-duty measures on articles and parts of jewellery: prescribing a duty rate and classification criteria, providing specified partial exemptions for reconversion and mounting with customer-supplied items, revising SSI exemption and eligibility limits, excluding certain handicrafts, notifying tariff values and Collection of Duty rules, and amending Central Excise, CENVAT and registration/returns requirements; Circulars clarify SSI computation, audit guidelines, export procedures, general compliance procedures and enforcement measures.
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Provisions expressly mentioned in the judgment/order text.
Excise duty on articles of jewellery: procedural and compliance changes implemented via new notifications and clarifying circulars.
The CBEC accepted the Sub-Committee report and issued Notifications and Circulars implementing excise-duty measures on articles and parts of jewellery: prescribing a duty rate and classification criteria, providing specified partial exemptions for reconversion and mounting with customer-supplied items, revising SSI exemption and eligibility limits, excluding certain handicrafts, notifying tariff values and Collection of Duty rules, and amending Central Excise, CENVAT and registration/returns requirements; Circulars clarify SSI computation, audit guidelines, export procedures, general compliance procedures and enforcement measures.
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