https://www.taxtmi.com/circulars?id=61543 A Sub Committee has been constituted to advise on implementation of Central Excise duty on jewellery; it will examine compliance procedures, recordkeeping, forms including Form 12AA, and operating procedures and report within sixty days. Pending its recommendations, duty is to be paid on first sale invoice value; authorities will not challenge invoice valuation if cartage, purity, weight and gemstone carats are stated; visits, arrests, searches or seizures will be suspended; exporters may export on self declaration and LUT to customs; registration can be taken within sixty days from 1 March 2016 while liability is effective from that date with a concession to pay March liability with April. en-us Fri, 22 Apr 2016 00:00:00 +0530 Tue, 18 Jun 2019 18:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=61543 A Sub Committee has been constituted to advise on implementation of Central Excise duty on jewellery; it will examine compliance procedures, recordkeeping, forms including Form 12AA, and operating procedures and report within sixty days. Pending its recommendations, duty is to be paid on first sale invoice value; authorities will not challenge invoice valuation if cartage, purity, weight and gemstone carats are stated; visits, arrests, searches or seizures will be suspended; exporters may export on self declaration and LUT to customs; registration can be taken within sixty days from 1 March 2016 while liability is effective from that date with a concession to pay March liability with April. Circulars Central Excise Fri, 22 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=61543