Excise Tax rate on Gold and Silver Jewellery

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Swarup

Swarup (Querist)

09 August 2010 Dear freinds,
I wanted to know about Excise Tax rate on Gold and Silver Jewellery.

Please reply soon.

Himanshu

Himanshu (Expert)

11 August 2010 Dear Swarupji,

Customs duty on serially numbered gold bars (other than tola bars) and gold coins to be increased from Rs. 100 per 10 gram to Rs. 200 per 10 gram. Customs duty on other forms of gold to be increased from Rs. 250 per 10 gram to Rs. 500 per 10 gram. Customs duty on silver to be increased from Rs. 500 per Kg. to Rs. 1000 per Kg. These increases also to be applicable when gold and silver (including ornaments) are imported as personal baggage.

Also Excise duty 2% on golds jewellary & Doing jobwork for the same.

Thanks
Himanshu
hemujmehta@yahoo.co.in

sachin alwadhi

sachin alwadhi (Expert)

14 August 2010 Excise duty on DTA clearances of plain gold and silver jewellery manufactured by a 100% EOU is being increased from:

(i) Rs.500 per 10 gram to Rs.750 per 10 gram for gold jewellery; and

(ii) Rs.1000 per kg to Rs.1500 per kg. for silver jewellery

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