Seeks to amend notification No. 12/2012-Central Excise so as to prescribe 1% excise duty (without input and capital goods credit) on parts of articles of jewellery falling under heading 7113 of the Central Excise Tariff Act, 1985 (5 of 1986), and to prescribe a criteria for classification of an articles of jewellery or part of articles of jewellery or both as that of a particular precious metal

Seeks to amend notification No. 12/2012-Central Excise so as to prescribe 1% excise duty (without input and capital goods credit) on parts of articles of jewellery falling under heading 7113 of the Central Excise Tariff Act, 1985 (5 of 1986), and to prescribe a criteria for classification of an articles of jewellery or part of articles of jewellery or both as that of a particular precious metal https://www.taxtmi.com/notifications?id=119472 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. en-us Tue, 26 Jul 2016 00:00:00 +0530 Thu, 04 Aug 2016 10:19:00 +0530 TaxTMI RSS Generator Seeks to amend notification No. 12/2012-Central Excise so as to prescribe 1% excise duty (without input and capital goods credit) on parts of articles of jewellery falling under heading 7113 of the Central Excise Tariff Act, 1985 (5 of 1986), and to prescribe a criteria for classification of an articles of jewellery or part of articles of jewellery or both as that of a particular precious metal https://www.taxtmi.com/notifications?id=119472 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. Notifications Central Excise Tue, 26 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/notifications?id=119472