[TO BE PUBLISHED IN THE GAZETTE OF INDIA,
EXTRAORDINARY, PART II, SECTION 3,
SUB-SECTION
(i)]
GOVERNMENT
OF INDIA
MINISTRY
OF FINANCE
(DEPARTMENT
OF REVENUE)
Notification
No.
26/2016 – Central Excise
New Delhi, the
26th July, 2016
G.S.R. (E). – In exercise of the
powers conferred by sub-section (1) of section 5A of the Central Excise Act,
1944 (1 of 1944), the Central Government, being satisfied that it is necessary
in the public interest so to do, hereby makes the following further amendments
in the notification of the Government of India in the Ministry of Finance
(Department of Revenue), No. 12/2012-Central Excise, dated the 17th March,
2012, published in the Gazette of India, Extraordinary, Part II, Section 3,
Sub-section (i), vide G.S.R. 163 (E), dated the 17th March, 2012, namely:-
In the said
notification,
(A) in the Table, for
serial number 199 and the entries relating thereto, the following shall be
substituted, namely:-
(1) |
(2) |
(3) |
(4) |
(5) |
“199
|
7113 |
(I)
Articles of jewellery (II) Parts of articles of jewellery
(II) Articles of silver jewellery, other than those studded with diamond,
ruby, emerald or sapphire Explanation. – For the purposes of this exemption,-
An article of jewellery or part of article of jewellery or both, produced or
manufactured from an alloy (including a sintered mixture and an
inter-metallic compound) containing precious metal may be treated as an
article of jewellery or part of article of jewellery or both of a precious
metal, if any one precious metal constitutes as much as 2% by weight of the
article of jewellery or part of article of jewellery or both (excluding the
weight of the precious or semi-precious stones, mounted or set), in accordance
to the following : (II)
(i) an
article of jewellery or part of article of jewellery or both, containing 2%
or more, by weight, of platinum is to be treated as an article of jewellery
or part of article of jewellery or both, of platinum;
(III)
(ii) an article of jewellery or part of article of
jewellery or both, containing 2% or more, by weight, of gold but not
platinum, or less than 2% by weight, of platinum, is to be treated as an
article of jewellery or part of article of jewellery or both, of gold ;
(IV)
(iii) other
articles of jewellery or parts of articles of jewellery or both, containing
2% or more, by weight, of silver are to be treated as articles of jewellery
or parts of articles of jewellery or both, of silver. |
1%
1% Nil |
16
16 -”; |
[F.
No. 354/25/2016 –TRU (Pt.-I)]
(Anurag Sehgal)
Under Secretary
to the Government of India
Note:- The principal notification No. 12/2012-Central
Excise, dated the 17th March, 2012 was published in the Gazette of India,
Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 163(E),
dated the 17th March, 2012 and last amended vide notification No. 23/2016
-Central Excise, dated the 17th May, 2016 published in the Gazette of India,
Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 525(E),
dated the 17th May, 2016.
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