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Central Excise Duty On Gold Processing

Apr 06 2012nbsp018332Central excise to keep eye on gold business records of processing jewellery made from it and daily trading among others It means the central excise duty will

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  • Excise Duty Exemption Limit For Jewellers Hiked To Rs 10

    Excise Duty Exemption Limit For Jewellers Hiked To Rs 10

    Excise duty of 1 per cent without input and capital goods tax credit or 125 per cent with credit may apply to parts of articles of jewellery made of platinum gold and silver the government said while accepting the ashok lahirichaired subcommittees recommendations submitted to it on june 23

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  • Importing Amp Exporting Kra

    Importing Amp Exporting Kra

    However sensitive items attract duty higher than 25 the sensitive items are listed in the schedule 2 of the eac common external tariff excise duties excise duty depends on whether the imported item is excisable or not the excise duty rates are prescribed under the excise duty act 2015 value added tax vat the normal rate of vat is 16

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  • Effective From 1703 Tax India Online

    Effective From 1703 Tax India Online

    Whether the jewellery shop which purchases gold jewellery from another manufacturer is liable to pay duty no central excise duty liability is only on the manufacturer and not on the trader of excisable goods the requirement is that the goods are to be purchased

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  • Central Excise

    Central Excise

    Some important aspects general central excise duty is renamed as quotcentral value added taxquot cenvat wef 1252000 basic concepts basic prerequisites for levy of central excise duty in order to acquire basic working knowledge in relation to law on central excise understanding of some of the basic concepts of central excise would be very much essential

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  • Processed Dry Fruits Liable For Excise Duty Sc The

    Processed Dry Fruits Liable For Excise Duty Sc The

    Feb 10 2008nbsp018332the bench allowed the appeal of the goa custom and central excise commissioner against phil corporation limited pcl which had claimed that its products were classifiable under chapter 0801 of the ceta which attracted nil rate of duty

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  • Gold Acquisitions Imports And Investments Vat Notice 701

    Gold Acquisitions Imports And Investments Vat Notice 701

    Jan 30 2013nbsp018332but importations and acquisitions of gold by central banks section 16 are or processing work on your may be liable to forfeiture under the customs and excise

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  • Plain Or Embellished It Is Still A Saree For Cbec The

    Plain Or Embellished It Is Still A Saree For Cbec The

    Jan 15 2018nbsp018332meanwhile branded readymade garments and textile products with a retail price of over 1000 attract excise duty at rates of 2 per cent or 125 per cent depending on the use of input tax

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  • What Is Excise Duty All About Business

    What Is Excise Duty All About Business

    Aug 26 2009nbsp018332basic excise duty imposed under section 3 of the central excises and salt act of 1944 on all excisable goods other than salt produced or manufactured in

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  • The Central Excise Act Chemexcil

    The Central Excise Act Chemexcil

    B a special duty of excise in addition to the duty of excise specified in clause a above on excisable goods excluding goods produced or manufactured in special economic zones specified in the second schedule to the central excise tariff act 1985 5 of 1986 which are

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  • 4 Tonnes Of Gold Sold In 48Hrs After Nov 8 India News

    4 Tonnes Of Gold Sold In 48Hrs After Nov 8 India News

    Jan 02 2017nbsp018332the government has already detected central excise duty evasion to the tune of rs 20 crore based on the sales admitted by over 400 jewellers

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  • Exemption And Effective Rates Of Duty For Specified Goods

    Exemption And Effective Rates Of Duty For Specified Goods

    Exemption and effective rates of duty for specified goods of chapters 1 to 98 in exercise of the powers conferred by subsection 1 of section 5a of the central excise act 1944 1 of 1944 and in supersession of i notification of the government of india in the ministry of finance department of revenue no 32005central excise dated the 24th february 2005 published in the gazette

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  • Ms Rajasthan Spg Amp Wvg Mills Vs Cce Jaipur On 4

    Ms Rajasthan Spg Amp Wvg Mills Vs Cce Jaipur On 4

    The duty demand has been made only in respect of the fabrics processed for rswml it is the contention of the appellant manufacturers that there is no legal or rational basis for treating the processing work carried out fro rswml on a different footing from the processing work carried out for other parties with regard to central excise valuation

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  • The Excises And Salt Act 1944

    The Excises And Salt Act 1944

    Regulatory duty of excise131 the government may by notification in the official gazette levy subject to such conditions limitations and restrictions as it may deem fit to impose a regulatory dutya on any excisable goods or excisable services in addition to the duty leviable under section 3 at a rate not exceeding 14100 per

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  • Central Excise Duty

    Central Excise Duty

    Section 11b of the central excise act 1944 provides the legal authority for claim and grant of refund of any central excise duty the term refund includes rebate of excise duty paid on excisable goods exported out of india as well as of excise duty paid on material used in the manufacture of goods exported out of india

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  • Manufacture Under Central Excise Law Lakshmikumaran

    Manufacture Under Central Excise Law Lakshmikumaran

    Customs excise and service tax appellate tribunal cestat recently delivered few decisions on one of the oldest questions in central excise law whether a process amounts to manufacture according to the decisions while conversion of paddy to rice and affixing of precut glasses to frames do not amount to manufacture process of repacking of goods after marking for easy

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  • Clarifications On Levy Imposed On Jewellery

    Clarifications On Levy Imposed On Jewellery

    In this years budget a nominal excise duty of 1 without input tax credit and 125 with input tax credit has been imposed on articles of jewellery even for this nominal 1 excise duty manufacturers are allowed to take credit of input services which can be utilised for payment of duty on jewellery

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  • Commnr Of Central Excise Indore Vs Ms S Kumars Ltd

    Commnr Of Central Excise Indore Vs Ms S Kumars Ltd

    On 5th october 1990 a show cause notice was issued by the appellant to the respondent proposing to recover differential duty of excise amounting to rs48462452 from the respondent no 1 within the extended time limit under the proviso of section 11a of the central excise act 1944 hereinafter referred to as the act and proposing to

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  • Calcutta Paper Mills Vs Customs Excise And Gold

    Calcutta Paper Mills Vs Customs Excise And Gold

    The petitioner obtained a central excise licence and used to pay duty on the said goods processed by it under item no 17 1 of the first schedule to the said act as the said goods were processed from duty paid printing and writing paper at the initial stage the petitioner allegedly mentioned the words quotunder protestquot on the gate passes

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  • List Of Taxes Levied By The Indian Government

    List Of Taxes Levied By The Indian Government

    Oct 26 2017nbsp018332excise duty excise duty was levied and collected by the government on any good or commodity while it is being manufactured this tax was usually borne by the manufacturer but eventually the consumer pays it back while buying the product for the indian government the excise duty levied on goods is one of the biggest revenue sources

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  • Home Page Of Central Board Of Indirect Taxes And Customs

    Home Page Of Central Board Of Indirect Taxes And Customs

    Exam for inspectors of central tax held in 03032020 to 06032020 declared nodal officers may download markssheet from their dashboard under wwwnacenkanpurgovin alongwith forwarding letter rescheduling online training on quothow to improve immunity through yogaquot from 12th august 2020 to 26th august 2020 from 1030 am to 0100 pm click here

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  • Faq On Central Excise Duty On Articles Of

    Faq On Central Excise Duty On Articles Of

    Central excise registration has to be obtained when the turnover crosses the specified exemption limit however a manufacture of excisable goods can obtain registration from beginning and pay central excise duty without claiming exemption registration of the establishment can be taken within 60 days from 1st march 2016

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  • Maruti Suzuki India Limited V Commissioner Of Central

    Maruti Suzuki India Limited V Commissioner Of Central

    16 it is clear as is apparent from the opening words of section 4 of the central excise act 1944 that there must first be manufacture in order to attract the charging section namely section 3 of the central excise act 1944 before one comes to valuation of goods under section 4 17

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  • Determining Character Of Manufacture Lakshmikumaran

    Determining Character Of Manufacture Lakshmikumaran

    Further even if there is a tariff entry provided under the central excise tariff act 1985 it would first need to pass test of manufacture the second test on marketability became the indivisible criterion to attract excise duty liability essential character test amp twofold test in the case of uoi v

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  • Export Promotion Schemes 1 Duty Drawback Scheme

    Export Promotion Schemes 1 Duty Drawback Scheme

    The central government to grant such duty drawback customs and central excise duties drawback rules 1995 have been framed outlining the procedure to be followed for the purpose of grant of duty drawback for both kinds of duties suffered by the customs authorities processing export documentation 2 under duty drawback scheme an exporter

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  • Central Excise Law And Rates Of Duty Have Been Proposed

    Central Excise Law And Rates Of Duty Have Been Proposed

    6 basic excise duty on gold bars and gold coins of purity not below 995 produced during the process of copper smelting is being increased from 9 to 95 s no 191 i of notification no122012 central excise dated 17th march 2012 as amended by notification no 122016 central excise dated 1st march 2016 refers

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  • Liability On Scrap If Generated From Activity Not

    Liability On Scrap If Generated From Activity Not

    Dec 10 2015nbsp018332agriculture printing or textile processing cut and polished diamonds and gemstones or plain and studded jewellery of gold and other precious metals falling under chapter 71 of the central excise tariff act 1985 5 of 1986 any goods on which appropriate duty is payable by the principal manufacturer emphasis mine

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  • Excise On Ball Mill Gold Ore Unit Kurkowa14

    Excise On Ball Mill Gold Ore Unit Kurkowa14

    We sent a substantial amount of quartz gold ore to a mill for processing after a couple hundred tests on the material an average grade was calculated excise duty in manganese ore grinding central excise duty on stone crusher overview of central excise duty on stone crusher187 does excise duty levied on central excise rebate from re

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  • Excise Duty Gold Coins Tax Management India

    Excise Duty Gold Coins Tax Management India

    Excise duty gold coins income tax goods and services tax gst service tax central excise custom wealth tax foreign exchange management fema delhi value added

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  • 12 Steps Involved In The Processing Of An Export Order

    12 Steps Involved In The Processing Of An Export Order

    The central excise and sale act of india and the related rules provide the refund of excise duty paid there are two alternative schemes whereby 100 per cent rebate on duty is given to export products on the submission of the proof of shipment the first scheme is to make payment of the excise duty at the time of removing the export consignment

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  • Collector Of Central Excise Calcuttaii V Eastend Paper

    Collector Of Central Excise Calcuttaii V Eastend Paper

    It is the appellants case that the respondent had violated the provisions of rule 91 rule 173f and rule 173g of the central excise rules 1944 inasmuch as they had removed 4000 kg of wrapping paper under gate pass no a460 dated 921984 and 485 dated 1721984 valued at rs 13200 without payment of central excise duty

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