Excise Articles
Excise Duty on Jewellery - A Nightmare
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
Advantages to a jeweller for registering under excise
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
Limitation in case of recovery of interest on delayed payment of central excise duty
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
Clarification on some issues on excise on jewellery
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
Central Excise on Jewellery: Whether fears are real?
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
Registration under excise by jeweller: A thoughtful decision
BackgroundRegistration with tax authorities is first step for any assessee to make compliance with the law and similar is the case for jewelers who have been brought within excise ambit in Budget 2016-17. But it
Professional Opportunity - Central Excise - Jewellery
The new assessee engaged in manufacture of jewellery may find it difficult to cope with compliance requirements under Central Excise law. The liability starts from 1st March 2016 though some procedural relaxations provided to the Jewellery segment.T
No rollback of 1% excise on gold
The Union Finance Minister, Arun Jaitley straightaway stood firm on 1 % Excise duty proposed on non silver jewellery in Budget 2016-17.While replying in the debate discussions held in the Lok Sabha on 14 March, 2016,
Excise Duty on Textile Sector: Increased cost and Compliance Burden
Textile has been subjected to duty of excise at different point of time. In 2004, exemption was granted on textile articles falling unde
Exemption to Ready Mix Concrete - A Great Relief to Construction Industry
Taxability of Ready Mix Concrete, now a days has gathered a great impetus, due to various investigations and show cause notices being raised by the excise department to collect excise duty applicable to RMC from various construction industri
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