Earlier Jewelry was not chargeable to excise

From 1 3.2016, Jewellery is charged to excise as follows

  1. Excise Duty @ 1% if Jeweller is not claiming cenvat (input)
  2. Excise Duty @ 12.5% if Jeweller is claiming cenvat (input)

(Notification No. 8/2003 CE dated 01.03.2003

  1. Indirect Tax
  2. Amendments Indirect Tax for May 2017 Exams

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 10 years. He also provides Accounts Tax GST Training in Delhi and Pune.