https://www.taxtmi.com/forum/issue?id=110077 Refining of gold is a manufacturing process; if the final product is exempt, duty is payable on job-work processes, but if the final product is dutiable no duty is leviable on the job-work under the job-work notification. Valuation follows the excise valuation rules and Cenvat affects the effective rate. Where the jeweller sells the refined bullion, excise duty applies to that sale; where the bullion is used for manufacture of new ornaments, duty is payable on the transaction value. en-us Thu, 24 Mar 2016 19:52:28 +0530 Thu, 23 Jan 2025 15:56:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110077 Refining of gold is a manufacturing process; if the final product is exempt, duty is payable on job-work processes, but if the final product is dutiable no duty is leviable on the job-work under the job-work notification. Valuation follows the excise valuation rules and Cenvat affects the effective rate. Where the jeweller sells the refined bullion, excise duty applies to that sale; where the bullion is used for manufacture of new ornaments, duty is payable on the transaction value. Discussion-Forum Central Excise Thu, 24 Mar 2016 19:52:28 +0530 https://www.taxtmi.com/forum/issue?id=110077