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of <h1>India Updates Excise Duty Rules for Jewellery: Changes to Serial Numbers 48 & 49, Clarifies 'Brand Name' Definition</h1> The Government of India, through the Ministry of Finance, has issued Notification No. 20/2012-Central Excise, amending Notification No. 2/2011-Central Excise. This amendment, effective from March 19, 2012, modifies the entries related to serial numbers 48 and 49 in the notification table. Serial number 48 now pertains to articles of jewellery, while serial number 49 covers articles of goldsmiths' or silversmiths' wares made of precious metals or clad with precious metals, excluding gold and silver coins of specified purity. The definition of 'brand name' is clarified, excluding jewellers' or job workers' marks known as 'house-marks.'
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