Amends notification no. 8/2003 CE dated 1-3-2003 - SSI Exemption - Prescribes provisions of calculation of turnover in respect of articles of jewellery (other than silver jewellery) - 15/2012 - Central Excise - Tariff

SSI exemption turnover for non-silver jewellery to be calculated using tariff value fixed by central excise notification.

For purposes of availing the SSI exemption for the financial year 2012-13, the aggregate value of clearances of articles of jewellery (other than silver) for home consumption in the financial year 2011-12, whether by one manufacturer from one or more factories or by one or more manufacturers from a factory, shall be calculated on the basis of the tariff value fixed in the relevant central excise tariff notification.