Seeks to amend notification No. 2/2011-Central Excise, dated the 01.03 2011. - 20/2012 - Central Excise - Tariff

Branded precious metal wares exemption: branded jewellery and goldsmith wares exempt, excluding certain high purity coins.

The Government amends Notification No. 02/2011 Central Excise by substituting serial number 48 with an entry for articles of jewellery under heading 7113, and substituting serial number 49 with an entry for articles of goldsmiths' or silversmiths' wares of precious metal or metal clad with precious metal under heading 7114. The amended 7114 entry limits the exemption to wares bearing a brand name, excludes certain high purity gold and silver coins, and explains that 'brand name' includes trade names and marks but excludes a jeweller's or job worker's 'house mark'.