Scope of taxable precious metals expanded to include silver and platinum; tariff references shifted to chapter designation. The notification amends the State tax rate instrument by substituting 'gold' with 'gold, silver or platinum' and replacing the opening paragraph's reference to 'heading 7108' with 'Chapter 71'. It further substitutes Explanation clause (d) to define 'Chapter' as the heading specified in the First Schedule to the Customs Tariff Act, 1975, thereby harmonising the notification's classification terminology. The amendments take effect on the 1st day of October, 2019.
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Provisions expressly mentioned in the judgment/order text.
Scope of taxable precious metals expanded to include silver and platinum; tariff references shifted to chapter designation.
The notification amends the State tax rate instrument by substituting "gold" with "gold, silver or platinum" and replacing the opening paragraph's reference to "heading 7108" with "Chapter 71". It further substitutes Explanation clause (d) to define "Chapter" as the heading specified in the First Schedule to the Customs Tariff Act, 1975, thereby harmonising the notification's classification terminology. The amendments take effect on the 1st day of October, 2019.
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