https://www.taxtmi.com/article/detailed?id=6718 Excise duty now applies to most jewellery from 1 March 2016, except pure silver jewellery not studded with precious stones. Two options are provided: pay a lower rate without Cenvat credit or a higher rate with Cenvat credit. A separate small-manufacturer threshold for jewellers is available subject to prior-year turnover certification by a chartered accountant and a proportionate transitional exemption. Claiming Cenvat on existing stock requires CA-certified stock declarations as of the cut-off date. Simplified registration, acceptance of existing commercial records, centralized registration options, and a simplified return regime are prescribed. Returned duty-paid goods may be exempted subject to limits and recordkeeping. en-us Wed, 02 Mar 2016 12:44:05 +0530 Wed, 02 Mar 2016 12:44:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6718 Excise duty now applies to most jewellery from 1 March 2016, except pure silver jewellery not studded with precious stones. Two options are provided: pay a lower rate without Cenvat credit or a higher rate with Cenvat credit. A separate small-manufacturer threshold for jewellers is available subject to prior-year turnover certification by a chartered accountant and a proportionate transitional exemption. Claiming Cenvat on existing stock requires CA-certified stock declarations as of the cut-off date. Simplified registration, acceptance of existing commercial records, centralized registration options, and a simplified return regime are prescribed. Returned duty-paid goods may be exempted subject to limits and recordkeeping. Articles Budget - Tax Proposals Wed, 02 Mar 2016 12:44:05 +0530 https://www.taxtmi.com/article/detailed?id=6718