Exemption for primary gold limits excise duty on converted gold to a capped amount, lowering taxable duty. Exemption applies to primary gold converted with the aid of power from any form of gold within Chapter 71 by limiting excise duty to the amount corresponding to a capped rate of Rs. 175 per kilogram; primary gold is defined to include unfinished or semi finished forms such as ingots, bars, blocks, slabs, billets, shots, pellets, rods, sheets, foils and wires.
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.
Exemption for primary gold limits excise duty on converted gold to a capped amount, lowering taxable duty.
Exemption applies to primary gold converted with the aid of power from any form of gold within Chapter 71 by limiting excise duty to the amount corresponding to a capped rate of Rs. 175 per kilogram; primary gold is defined to include unfinished or semi finished forms such as ingots, bars, blocks, slabs, billets, shots, pellets, rods, sheets, foils and wires.
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