SC: Arrest & Remand Illegal if Grounds Not Given in Language Arrestee Understands || SC: Judgment for Deceased Party is Null if Legal Heir was not Brought on Record Before Hearing || SC: Hiding a Candidate’s Conviction Voids Election, Regardless of Whether it Influenced Results || Delhi HC: Not Here to Monitor Delhi University, but Students Must Follow Law During Elections || J&K&L HC: Paying Tax or GST Registration Doesn’t Legalize Unlicensed Business Activities || Delhi HC: Victim’s Past or Character Cannot be Used to Suggest Consent in Assault Cases || P&H HC: Constitution isn’t Privilege Charter; Reservation in Promotions Requires Statutory Amendment || Kerala HC: Law Must be Amended to Hold Landowners Liable for Illegal Paddy Land Reclamation || Bombay HC: Parents Saying Daughter was Unhappy, Wept Often not Enough to Convict under 498A IPC || Kerala HC: Physiotherapists and Occupational Therapists Cannot Use “Dr.” Without Medical Degree

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 :