https://www.taxtmi.com/news?id=16356 Government accepted recommendations to simplify excise compliance for jewellery: streamline registration without ground plans, levy duty at first-sale invoice value with VAT treated as cum-duty where duty is not shown, exempt bona fide traded goods from excise, accept State VAT and private records for excise purposes with stock maintained by weight and caratage, permit non-sale movements (samples, branch transfers, exhibitions, hallmarking) without transit checks, restrict audits and visits for small units and job-workers, provide an optional stock-segregation scheme, and clarify duty on value addition and repairs versus manufacturing. en-us Thu, 14 Jul 2016 11:27:13 +0530 Thu, 14 Jul 2016 11:27:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16356 Government accepted recommendations to simplify excise compliance for jewellery: streamline registration without ground plans, levy duty at first-sale invoice value with VAT treated as cum-duty where duty is not shown, exempt bona fide traded goods from excise, accept State VAT and private records for excise purposes with stock maintained by weight and caratage, permit non-sale movements (samples, branch transfers, exhibitions, hallmarking) without transit checks, restrict audits and visits for small units and job-workers, provide an optional stock-segregation scheme, and clarify duty on value addition and repairs versus manufacturing. News - Thu, 14 Jul 2016 11:27:13 +0530 https://www.taxtmi.com/news?id=16356