[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. 27/2016 – Central
Excise
New Delhi, the 26th of 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 exempts articles of jewellery
manufactured,-
(i) from jewellery provided by a retail customer; or
(ii) by mounting of precious stones provided by a retail
customer,
from so much of the
excise duty leviable thereon, as is in excess of the duty of excise payable on
a value which is sum of the cost of additional materials used by the
manufacturer or principal manufacturer, as the case may be, for making such
article of jewellery and labour charges charged by the manufacturer or
principal manufacturer, as the case may be, from the retail customer.
2. For availing the
exemption under this notification, the manufacturer or principal manufacturer,
as the case may be, shall maintain a proper record containing the following
details, namely:-
(i) name and address of the retail customer;
(ii) weight and purity
of the jewellery, weight of precious stone provided by the retail customer;
(iii) receipt number and date;
(iv) issue voucher number and date of sending such jewellery
or precious stones to a job worker or to the manufacturing premises of the
jeweller himself; and
(v) value addition, including cost of additional materials
and labour charges, charged by the jeweller, which shall also be mentioned
separately in the invoice issued to the retail customer.
Explanation.-1 - For
the purposes of this notification, weight refers to weight in grams for
precious metals; and in carats for precious stones.
Explanation.-2 - For the removal of doubts, it is hereby
clarified that for the purposes of this notification, the expression “jewellery”
shall not include precious metal in any form, other than jewellery provided by
a retail customer for the manufacture of articles of jewellery to a
manufacturer or principal manufacturer, as the case may be.
[F. No. 354/25/2016 –TRU (Pt.-I)]
(Anurag Sehgal)
Under Secretary to the Government of India
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