Gold – Excise Duty Enhanced

PrintPDF

Notification No.1/2013-Central Excise, Dated - 21^st January, 2013

G.S.R. (E). – In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 12/2012-Central Excise, dated the 17^th March, 2012 which was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 163(E) dated the 17^th March, 2012, namely: -

In the said notification, in the Table,-

(i) for S. No. 189 and the entries relating thereto, the following shall be substituted-

“189

71

Gold bars, other than tola bars, bearing manufacturer’s engraved serial number and weight expressed in metric units manufactured in a factory starting from the stage of-(i) (a) Gold ore or concentrate; (b) Gold dore bar; or (ii) Silver dore bar Explanation.-For the purposes of this entry, ‘gold dore bar’ shall mean dore bars having gold content not exceeding 95% and ‘silver dore bar’ shall mean dore bars having silver content not exceeding 95% accompanied by an assay certificate issued by the mining company, giving details of composition

5% 3%

- -”

(ii) in S. No. 191, against item (i), for the entry in column (4), the entry “5%” shall be substituted.