Excise exemption for precious stones and jewellery removes excise duty on specified tariff-chapter goods under Central Excise rules. The notification exempts from excise duty goods under the tariff chapter for precious stones and related articles by removing the whole of the duty leviable on specified items. The Schedule covers: ornaments and similar articles manufactured by goldsmiths or silversmiths made of gold or silver (with or without set stones or pearls); precious and semi-precious stones, synthetic stones and pearls; articles of silver; and silver strips, wires, sheets, plates and foils.
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.
Excise exemption for precious stones and jewellery removes excise duty on specified tariff-chapter goods under Central Excise rules.
The notification exempts from excise duty goods under the tariff chapter for precious stones and related articles by removing the whole of the duty leviable on specified items. The Schedule covers: ornaments and similar articles manufactured by goldsmiths or silversmiths made of gold or silver (with or without set stones or pearls); precious and semi-precious stones, synthetic stones and pearls; articles of silver; and silver strips, wires, sheets, plates and foils.
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