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of <h1>Excise Duty Imposed on Jewellery; Jewellers Must Register by July 1, 2016; Payments Effective from March 1, 2016.</h1> The Central Excise department has announced the imposition of excise duty on jewellery, excluding certain silver items, as per the 2016-17 Budget. A Sub-Committee of the High Level Committee has been established to engage with the trade and industry on tax laws. Until the committee's recommendations are finalized, specific guidelines are in place: excise duty payments will be based on the first sale invoice value, and excise officers will refrain from visiting jewellers' premises or initiating legal actions. The deadline for jewellers to register for central excise is extended to July 1, 2016, with payment liabilities effective from March 1, 2016.
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