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of <h1>Excise Duty Exemption Clarified for Gold Jewelry Made with Machines Under Central Excise Tariff Act, 1985.</h1> The circular from the Central Board of Excise & Customs clarifies the applicability of excise duty on gold jewelry manufactured using power-operated machines by gold dealers under the Central Excise Tariff Act, 1985. It states that the term 'goldsmith' should be interpreted in its ordinary sense, encompassing those who work with gold, regardless of whether they use machines. Consequently, gold jewelry produced by such methods is exempt from excise duty under Notification No. 53/86. This clarification addresses queries from specific regional collectors regarding the interpretation of the exemption for gold and silver ornaments.
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