Central excise duty on jewellery: clarified compliance measures and simplified eligibility, audit, export and procedural norms. Six government circulars supplementing the imposition of Central Excise duty on jewellery set out simplified measures: rules for computing SSI exemption eligibility and limits for manufacturers/principal manufacturers; a desk-focused excise audit regime with moratoria and limits on physical stock verification; trade-friendly export procedures and return filing; acceptability of state VAT/private records and eased rules for trading, invoicing, job work and repairs; departmental thresholds for enforcement actions to protect trade; and guidance on taxability of stock as on 29 February 2016.
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.
Central excise duty on jewellery: clarified compliance measures and simplified eligibility, audit, export and procedural norms.
Six government circulars supplementing the imposition of Central Excise duty on jewellery set out simplified measures: rules for computing SSI exemption eligibility and limits for manufacturers/principal manufacturers; a desk-focused excise audit regime with moratoria and limits on physical stock verification; trade-friendly export procedures and return filing; acceptability of state VAT/private records and eased rules for trading, invoicing, job work and repairs; departmental thresholds for enforcement actions to protect trade; and guidance on taxability of stock as on 29 February 2016.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
