Seeks to amend the CENVAT Credit Rules, 2004 in relation to articles of jewellery or parts of articles of jewellery or both, falling under heading 7113 of the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986)

Seeks to amend the CENVAT Credit Rules, 2004 in relation to articles of jewellery or parts of articles of jewellery or both, falling under heading 7113 of the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) https://www.taxtmi.com/notifications?id=119479 The amendment broadens the CENVAT definitions to treat as liable persons those required to pay excise under the Articles of Jewellery (Collection of Duty) Rules and the Central Excise Rules for precious metal articles, and revises the eligibility explanation to provide that a manufacturer of articles of jewellery is eligible for concessional treatment if the aggregate value of clearances for home consumption in the preceding financial year, computed as specified, did not exceed the prescribed turnover threshold. en-us Tue, 26 Jul 2016 00:00:00 +0530 Sat, 30 Jul 2016 16:04:00 +0530 TaxTMI RSS Generator Seeks to amend the CENVAT Credit Rules, 2004 in relation to articles of jewellery or parts of articles of jewellery or both, falling under heading 7113 of the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) https://www.taxtmi.com/notifications?id=119479 The amendment broadens the CENVAT definitions to treat as liable persons those required to pay excise under the Articles of Jewellery (Collection of Duty) Rules and the Central Excise Rules for precious metal articles, and revises the eligibility explanation to provide that a manufacturer of articles of jewellery is eligible for concessional treatment if the aggregate value of clearances for home consumption in the preceding financial year, computed as specified, did not exceed the prescribed turnover threshold. Notifications Central Excise Tue, 26 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/notifications?id=119479