https://www.taxtmi.com/news?id=15945 A Sub Committee has been constituted to advise on implementation of excise duty on jewellery, to receive representations and report within sixty days. Until its recommendations are finalised, excise payments must be based on first sale invoice value; invoice valuations will not be challenged if caratage/purity, weight and gemstone carats are stated; central excise enforcement is restrained (no visits, arrests, searches or seizures); exporters may use self declaration with submission of LUT to customs; registration may be taken within the transitional period while liability for duty remains effective from the Budget's effective date. en-us Tue, 22 Mar 2016 10:03:59 +0530 Tue, 22 Mar 2016 10:03:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15945 A Sub Committee has been constituted to advise on implementation of excise duty on jewellery, to receive representations and report within sixty days. Until its recommendations are finalised, excise payments must be based on first sale invoice value; invoice valuations will not be challenged if caratage/purity, weight and gemstone carats are stated; central excise enforcement is restrained (no visits, arrests, searches or seizures); exporters may use self declaration with submission of LUT to customs; registration may be taken within the transitional period while liability for duty remains effective from the Budget's effective date. News - Tue, 22 Mar 2016 10:03:59 +0530 https://www.taxtmi.com/news?id=15945