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of <h1>Central Excise Duty Imposed on Jewellery; Excludes Non-Studded Silver. Sub-Committee to Review Tax Compliance Procedures.</h1> The government has imposed a Central Excise Duty on jewellery, excluding silver jewellery not studded with certain gemstones. A Sub-Committee of the High Level Committee is formed to engage with the trade and industry regarding tax laws, chaired by Dr. Ashok Lahiri, including trade representatives, a legal expert, and officials from relevant ministries. The Sub-Committee will address compliance procedures and submit its report within 60 days. Until then, specific guidelines are set for excise duty payments, valuation, and enforcement actions. Registration with the Central Excise department is required within 60 days from March 1, 2016, with special payment provisions for March.
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