Central Excise registration exemption clarified: jewellery under heading 7113 exempt up to full exemption limit; other goods face a raised threshold.
Amends notification No. 36/2001-Central Excise (N.T.) to redefine the specified limit for registration thresholds: for goods under heading 7113 (articles of jewellery and parts) the specified limit is the full exemption limit, exempting such manufacturers from central excise registration up to that limit; for other goods the specified limit is the full exemption limit reduced by a fixed threshold, thereby adjusting the registration trigger for non-jewellery manufacturers.

Excise exemption for jewellery manufacturers from annual return filing introduced, adding them to the existing exempt class.
Amendment inserts a new clause exempting the manufacturer or principal manufacturer of articles of jewellery or parts of articles of jewellery falling under the tariff classification for jewellery from the requirement to file the annual return under the principal notification, thereby expanding the class of persons covered by the existing exemption in Notification No. 17/2006-Central Excise (N.T.).

Registration relief for jewellery manufacturers allows late enrolment and waives factory plan submission under central excise rules.
Amendment adds two provisos to Notification No. 35/2001-Central Excise (N.T.): permitting persons manufacturing articles of jewellery, including via job-workers, to obtain registration by a specified cutoff date; and exempting manufacturers or principal manufacturers of such jewellery from the requirement to submit a plan of the factory premises, thereby waiving the plan-submission obligation in respect of the covered class of manufacturers.

Quarterly excise return format updated - new ER form fields and valuation rules including jewellery valuation criteria.
Prescribes a revised Form E.R.-8 quarterly return for assessees under the fourth proviso to rule 12(1) of the Central Excise Rules, 2002 for goods cleared at concessional duty rates. The form mandates registration and manufacture/clearance tables capturing CETSH, units, opening and closing balances, quantities manufactured and cleared, assessable value and duty payable, plus sections for input service credit, duty payment challan details, other payments, and a self-assessment declaration. Instructions define assessable value methods and special valuation rules for articles of jewellery and permissible quantity codes.

Cenvat credit eligibility for jewellery manufacturers clarified: defines liable persons and specifies the small manufacturer turnover test.
The amendment broadens the CENVAT definitions to treat as liable persons those required to pay excise under the Articles of Jewellery (Collection of Duty) Rules and the Central Excise Rules for precious metal articles, and revises the eligibility explanation to provide that a manufacturer of articles of jewellery is eligible for concessional treatment if the aggregate value of clearances for home consumption in the preceding financial year, computed as specified, did not exceed the prescribed turnover threshold.

Registration and duty liability for articles of precious metals on job work now require assessees to register, account and file quarterly returns.
Amendments require persons who get articles of precious metals produced on job work basis (excluding EOUs and SEZ units) to obtain registration, maintain accounts, pay duty leviable on such goods and comply with all relevant provisions as if they are assessees; rule 12's fourth proviso is revised to mandate quarterly returns of production and removal within ten days after quarter end for assessees availing specified exemptions, with transitional filing dates for certain quarters in 2016.

Anti-dumping duty extension on specified rubber chemicals from EU and China continues for a further one-year period.
The Central Government amends the principal notification to extend anti-dumping duty on MOR, PX13 and TDQ imports from the European Union and the People's Republic of China by inserting a paragraph that preserves the notification in force for a further one-year period, pursuant to the continuation-review provisions of the Customs Tariff Act and the anti-dumping rules initiated by the designated authority.

Excise duty on jewellery: rules require self-assessment, timely electronic payment, invoicing, records and job work compliance.
These rules establish that duty on jewellery (heading 7113) is self-assessed by the manufacturer or principal manufacturer at the rate in force on the date of first sale from registered premises; duty must be paid monthly (electronically unless exempted) with interest and penalty for delays, and detailed obligations are imposed for serialised first-sale invoicing, separate daily stock records for manufactured and traded articles preserved for five years, accountable removals under challan, job-work registration and accounting by principal manufacturers, optional annual declaration for an alternative monthly scheme, and dead stock treatment provisions.

Excise exemption narrowed: handicrafts under specified tariff heading excluded from exemption, altering eligibility for duty relief.
The amendment substitutes the first table entry in the principal notification so that the exempted category reads: Handicrafts, other than the handicrafts falling under heading 7113, thereby excluding goods under that tariff heading from the excise duty exemption and redefining eligibility for relief under Notification No. 17/2011.

SSI exemption for jewellery increased, with input-credit and capital-goods credit restrictions and aggregate clearance limits retained.
Amends Notification No. 8/2003 to allow exemption on first clearances of articles of jewellery or parts thereof under chapter heading 7113 for home consumption up to an aggregate value of ten crore rupees in any financial year (with a transitional lower aggregate limit for March 2016). Manufacturers availing this exemption shall not claim input-duty credit on inputs or utilise credit on capital goods for payment of duty in respect of exempt clearances within the exemption aggregate, and aggregate clearances of all excisable goods by a manufacturer are subject to a higher aggregate cap in the preceding financial year.

Excise duty exemption for jewellery reconversion limits duty to value addition and labour charged to the customer.
Partial exemption from Central Excise duty applies where jewellery supplied by a retail customer is reconverted or precious stones supplied by a retail customer are mounted; duty is limited to the amount attributable to value addition, consisting of additional materials and labour charges charged to the retail customer, and manufacturers must maintain records identifying the customer, weights and purities, receipt and issue voucher details, and separately state value addition on the invoice.

Excise duty on jewellery classification updated; items treated as that precious metal when specified weight threshold is met.
Amends the excise notification to impose a specified duty on articles of jewellery and parts thereof, adds distinct entries for articles, parts and certain silver articles, and prescribes that an article or part produced from an alloy shall be treated as of a particular precious metal where that metal meets a defined weight-based threshold, with priority given to platinum, then gold, and then silver; input and capital goods credit exclusions apply as indicated.

Minimum Export Price requirement on potato exports removed, permitting export without an MEP under the trade policy framework.
The notification amends the ITC(HS) Schedule 2, Chapter 7 entry for fresh or chilled potatoes to remove the Minimum Export Price condition and permit export without any MEP, thereby changing the nature of the restriction in the export policy column for that tariff item under the Foreign Trade Policy framework.

Effective date of DVAT Amendment Act appointed, bringing the Amendment into force from 26 July 2016.
Appointment of 26 July 2016 as the effective date for the Delhi Value Added Tax (Amendment) Act, 2016 is made under the statutory commencement power in subsection (3) of section 1, by notification of the Lieutenant Governor, bringing the Amendment Act into force on that date.

Determination of amount received on share buyback: rules set methods to compute consideration for distributed income taxation.
Prescribes that the amount received by a company for issue of a share equals the paid up amount actually received including premium, reduced by any sum previously returned in respect of that share. Shares issued without consideration are deemed nil and face value applies where no specific rule fits. For amalgamation and demerger, amounts are determined by reference to the amalgamating company's determined amount and by proportioning to net book values respectively. Amounts on conversion of debt instruments are the portion attributable to the converted part.

Burden of proof in seizures now applies to silver bullion and cigarettes under a Central Government customs notification.
Central Government, invoking powers under the Customs Act, specifies that for purposes of the statutory burden-of-proof provision in seizure cases the classes of goods include silver bullion and cigarettes, and the notification expressly supersedes the earlier government notification on the matter.

Companies (Accounts) amendment exempts certain unlisted subsidiaries from consolidated statements if specified conditions are met.
The amendment creates a conditional exemption from preparing consolidated financial statements where a company is wholly or partially owned (subject to written intimation and no objections), unlisted, and its holding company files compliant consolidated statements; it revises reporting to require highlights of subsidiaries, expands internal auditor definitions and clarifies accountant definitions; and substitutes Form AOC I and Form AOC 4 with detailed templates for disclosure of subsidiaries, associates, joint ventures, financial statements, CSR, related party transactions and auditor reporting.

Tariff value rules for jewellery establish first sale valuation or cost plus formula where customer provides precious metal.
Tariff values for articles of jewellery are fixed by two methods: where not made from customer supplied metal, valuation equals the first sale value at the manufacturer's registered or centrally registered premises or branches; where made from customer supplied precious metal, valuation equals the sum of additional materials cost, labour charges charged to the customer, and the value of the precious metal provided by the customer. The registered premises or centrally registered premises or branches from which the goods are first sold are designated as the place of removal, with the time of removal to be construed accordingly.

Digital Locker retention rules prescribe authority, provider obligations, consented URI access and mandatory security and audit requirements.
The rules create a Government administered Digital Locker system for preservation and retention of issuer issued electronic records, appointing a Digital Locker authority to license and manage service providers (portals, repositories, gateways) under DeitY technical standards. They set enrollment and operational protocols for subscribers, issuers and requesters (URI push/pull, consented access via gateways), require service provider compliance with authorising terms, mandate grievance officers, suspension/revocation procedures, subscriber credential duties, fee and portability rules, audit regimes with independent auditors, confidentiality protections, offsite backups, Indian data location, and adherence to prescribed security practices.

Appellate procedure rules for tribunal appeals govern filing, service, registry functions and case management.
These Rules prescribe the procedural framework for appeals before the National Company Law Appellate Tribunal, defining key terms, filing formalities, prescribed forms, time computation, formats and sealing of orders. They allocate administrative functions to the Registrar, preserve the Appellate Tribunal's inherent powers, set detailed case-management procedures for filing, scrutiny, service, listing, hearings, examination of witnesses, document marking and inspection, and mandate registers, retention schedules and fee provisions including award or waiver of costs.