Seeks to amend notification No. 8/2003-Central Excise dated 1st March, 2003, so as to increase the SSI Exemption limit and the SSI Eligibility limit for articles of jewellery or parts of articles of jewellery or both, falling under heading 7113 of the Central Excise Tariff Act, 1985 (5 of 1986)

Seeks to amend notification No. 8/2003-Central Excise dated 1st March, 2003, so as to increase the SSI Exemption limit and the SSI Eligibility limit for articles of jewellery or parts of articles of jewellery or both, falling under heading 7113 of the Central Excise Tariff Act, 1985 (5 of 1986) https://www.taxtmi.com/notifications?id=119474 Amends Notification No. 8/2003 to allow exemption on first clearances of articles of jewellery or parts thereof under chapter heading 7113 for home consumption up to an aggregate value of ten crore rupees in any financial year (with a transitional lower aggregate limit for March 2016). Manufacturers availing this exemption shall not claim input-duty credit on inputs or utilise credit on capital goods for payment of duty in respect of exempt clearances within the exemption aggregate, and aggregate clearances of all excisable goods by a manufacturer are subject to a higher aggregate cap in the preceding financial year. en-us Tue, 26 Jul 2016 00:00:00 +0530 Sat, 30 Jul 2016 15:58:00 +0530 TaxTMI RSS Generator Seeks to amend notification No. 8/2003-Central Excise dated 1st March, 2003, so as to increase the SSI Exemption limit and the SSI Eligibility limit for articles of jewellery or parts of articles of jewellery or both, falling under heading 7113 of the Central Excise Tariff Act, 1985 (5 of 1986) https://www.taxtmi.com/notifications?id=119474 Amends Notification No. 8/2003 to allow exemption on first clearances of articles of jewellery or parts thereof under chapter heading 7113 for home consumption up to an aggregate value of ten crore rupees in any financial year (with a transitional lower aggregate limit for March 2016). Manufacturers availing this exemption shall not claim input-duty credit on inputs or utilise credit on capital goods for payment of duty in respect of exempt clearances within the exemption aggregate, and aggregate clearances of all excisable goods by a manufacturer are subject to a higher aggregate cap in the preceding financial year. Notifications Central Excise Tue, 26 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/notifications?id=119474