AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
No excise duty for jewellers with turnover up to Rs 5 cr.
Byline: Our Bureau
Finance Ministry to issue clarification next week
The Finance Ministry will issue a circular next week to clarify doubts on excise duty for unbranded gold jewellery. The Budget levied excise duty at the rate of one per cent on unbranded gold jewellery.
One of the key provisions of the detailed circular is related to small scale exemption. It says any jeweller with a turnover of Rs 13.3 crore in 2011-12 will be eligible for small-scale industry exemption. It means the jeweller need not pay any excise duty on jewellery turnover up to Rs 5 crore in 2012-13.
This limit has been calculated on the basis of the tariff value of 30 per …
-
- Swat cosmetics makers to pay Rs 130 million federal excise duty.
-
Magazine article from: Business Recorder
July 9, 2006
700+ words
-
- Inadmissible refund of excise duty: four pay phone companies owe over Rs 336...
-
Magazine article from: Business Recorder
March 24, 2010
700+ words
-
- Sugar Decontrol: Rs 150/quintal Additional Excise Duty Likely
-
News wire article from: Business Line
February 19, 2013
700+ words
-
- STATES: Raise excise duty cap to Rs 3 cr: Codissia.
-
News wire article from: Business Line
June 9, 2009
700+ words
-
- Rs 5 per kg central excise duty to be imposed on raw sugar.
-
News wire article from: Asia Africa Intelligence Wire
August 5, 2002
700+ words
