Levy of excise duty on jewellery in Budget-2016-17-Clarification
March 5, 2016
Excise/Custom
Levy of excise duty on jewellery in Budget-2016-17-Clarification Ministry of Finance Press Release Clarifications on levy imposed on jewellery In this year’s Budget, a nominal excise duty of 1% and 12.5% has been imposed on articles of jewellery. Even for this nominal 1% excise duty, manufacturers are allowed to …