Patna HC: Disciplinary Authority Cannot Impose Major and Minor Penalties in a Single Order || Calcutta HC: Landlord Decides His Residential Needs; Courts Cannot Set Living Standards in Eviction || Orissa HC: Second Marriage During Subsistence of First Remains Invalid Even After First Wife's Death || Karnataka HC: Appeals Against Acquittal in Bailable Offences Lie Only Before High Court || Supreme Court: Stamp Duty on an Agreement to Sell is Leviable Only if Possession is Transferred || SC: Motive Becomes Irrelevant When Direct Evidence Such as a Dying Declaration is Available || Supreme Court Issues Directions to CoC in Builder Insolvency Cases To Protect Homebuyers’ Interests || MP High Court: Women Retain Reservation Benefits After Marriage if Caste is Recognized in Both States || Allahabad HC: Police Must Prosecute Informants of False Firs, and IOs May Face Contempt if They Fail || MP HP: Over-Age Candidate Cannot Claim Age Relaxation Due to Delay in Earlier Recruitment

Clarifications on levy imposed on jewellery - (04 Mar 2016)

MANU/PIBU/0299/2016

Excise

The government issued clarifications on the excise duty of one per cent (without input tax credit) and 12.5 per cent (with input tax credit) levied on jewellery manufacture. Compliance with the duty can be completed online, with no interaction with Department officers, and central excise officers have been directed to not visit premises of jewellery manufacturers. Artisans or goldsmiths manufacturing jewellery on job-work are not required to register with the Department or file returns. With the limits set, only jewelers with a turnover greater than Rs. 12 crore will be liable to pay excise duty.

Tags : CENTRAL EXCISE JEWELLERY CLARIFICATION

Share :