The Additional Commissioner, Customs and Central Excise, KR Madhar, today clarified that their officers would not visit any manufacturing unit or factory of jewellers and as announced in the Union Budget, one per cent excise duty would be levied on the turnover exceeding Rs 6 crore a year.
Additional Commissioner KR Madhar in a press conference here said, “In this year’s Budget, a nominal excise duty of one per cent (without input tax credit) and 12.5 per cent (with input tax credit) has been imposed on jewellery.”
While clearing doubts of the traders and industrialists, Madhar said there would be easy compliance with provision for online application for registration, payment of excise duty filing of return with zero interference with the departmental officers.
He said the Central excise officers had been directed not to visit the premises of jewellery manufacturers and the articles of silver jewellery (other than studded with diamond, ruby, emerald or sapphire) are exempted from the duty.
“An artisan or goldsmith who only manufactures jewellery on the job-work basis is not required to register with the Central excise, pay duty and file returns, as all these obligations will be on the principal manufacturers,” he said.
Excise officers won’t visit jewellers’ manufacturing units: KR Madhar
