Excise on Jewellery in India (Finance Act 2016)
Excise on Jewellery LETTER D.O.F. NO.334/8/2016-TRU, DATED 29-2-2016 Explaining Excise on Jewellery 3.2.1 Excise duty of 1% (without CENVAT credit) or 12.5% (with CENVAT credit) is being levied on articles ofjewellery [excluding silver jewellery, other than studded with diamonds/other precious stones] with a higher threshold exemption upto Rs. 6 crore in a year and eligibility… Read More »