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Excise Articles

Section 143AA of the Customs Act, 1962' wherein relaxation was given to accept an undertaking in lieu of a bond required during customs clearance upto 30.04.2020, subject to conditions as underlined in the circular.

Posted in Excise |   288 Views

Information w.r.t SVLDRS - effective from 01.09.2019

Posted in Excise  3 comments |   1316 Views

Investment subsidy by State Govt. - Whether excise duty is payable

Posted in Excise |   2021 Views

The cash is a vehicle to run the business and an unwarranted seizure only put breaks on the movement of the business. Not only this has the seizure of cash also..

Posted in Excise  3 comments |   2114 Views

This write up is to update you on the recent developments on applicability of Excise on Gems and Jewellery Industry.

Posted in Excise |   902 Views

In this year�s Budget, a nominal excise duty of 1% [without CENVAT Credit on Capital Goods and Inputs]and 12.5% [with CENVAT Credit on Capital Goods and Inputs] has been imposed on articles of jewellery [excluding silver jewellery, other than s

Posted in Excise  6 comments |   4416 Views

Union budget 2016-17 has introduced levy of excise duty on making of jewellery. With the levy, jewellers feared that the �Inspector rajya� would be back and this fear led to a widespread outrage among the jewellers for non acceptance of l

Posted in Excise  2 comments |   2954 Views

The judicial precedent always plays vital role to clarify the law particularly when statute is not clear cut in regard to any issue. There is the same situation in the case of demand of interest on delayed payment of Central Excise Duty. The Central

Posted in Excise  1 comments |   1954 Views

The scheme of levy and collection of Central Excise duty on articles of Jewellery is as under:(a) The levy and collection of Central Excise Duty is on the manufacture of Jewellery (excluding silver Jewellery, not studded with diamonds, ruby, emerald

Posted in Excise |   4993 Views

BackgroundExcise Duty has been imposed on the article of jewellery in the Union Budget 2016-17. There has been protest by trade fearing the nuisances of excise. There fear is not without justifiable reasons

Posted in Excise  3 comments |   4638 Views

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