Seeks to amend notification No. 36/2001-Central Excise (N.T.) dated 26th June, 2001, so as to exempt a manufacturer or principal manufacturer of articles of jewellery or parts of articles of jewellery or both, falling under heading 7113 of the Central Excise Tariff Act, 1985 (5 of 1986) from taking central excise registration upto the full exemption limit - 40/2016 - Central Excise - Non Tariff
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Central Excise registration exemption clarified: jewellery under heading 7113 exempt up to full exemption limit; other goods face a raised threshold. Amends notification No. 36/2001-Central Excise (N.T.) to redefine the specified limit for registration thresholds: for goods under heading 7113 (articles of jewellery and parts) the specified limit is the full exemption limit, exempting such manufacturers from central excise registration up to that limit; for other goods the specified limit is the full exemption limit reduced by a fixed threshold, thereby adjusting the registration trigger for non-jewellery manufacturers.
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Central Excise registration exemption clarified: jewellery under heading 7113 exempt up to full exemption limit; other goods face a raised threshold.
Amends notification No. 36/2001-Central Excise (N.T.) to redefine the specified limit for registration thresholds: for goods under heading 7113 (articles of jewellery and parts) the specified limit is the full exemption limit, exempting such manufacturers from central excise registration up to that limit; for other goods the specified limit is the full exemption limit reduced by a fixed threshold, thereby adjusting the registration trigger for non-jewellery manufacturers.
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