Seeks to further amend notification No. 12/2012-Central Excise dated 17th March, 2012, in respect to the excise duty exemption on branded gold coins of purity 99.5% and above. - 36/2016 - Central Excise - Tariff
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Branded coin exemption expanded to include high-purity gold and silver coins bearing brand names when duties are paid. Amendment substitutes the Table entry at serial number 200 to exempt branded precious metal wares and branded high-purity gold and silver coins manufactured from metal on which appropriate customs or excise duty has been paid. The exemption covers articles of goldsmiths' or silversmiths' wares bearing a brand name and branded coins of high purity produced from duty-paid metal. The explanation defines 'brand name' broadly to include registered or unregistered trade names, marks, symbols and invented words, and excludes jeweller or job worker identities known as 'house mark' from the definition.
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Provisions expressly mentioned in the judgment/order text.
Branded coin exemption expanded to include high-purity gold and silver coins bearing brand names when duties are paid.
Amendment substitutes the Table entry at serial number 200 to exempt branded precious metal wares and branded high-purity gold and silver coins manufactured from metal on which appropriate customs or excise duty has been paid. The exemption covers articles of goldsmiths' or silversmiths' wares bearing a brand name and branded coins of high purity produced from duty-paid metal. The explanation defines "brand name" broadly to include registered or unregistered trade names, marks, symbols and invented words, and excludes jeweller or job worker identities known as "house mark" from the definition.
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