Taxability

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

23 February 2012 Hi Experts,

I want to ask a Query

Can you tell me Whether Manufacture of Gold Coins from Gold bars is excisable or not??

And is there any case of Service Tax in this case???

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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24 February 2012 finance Minister has withdrawn excise exemption on 130 items and a nominal central excise duty of 1 per cent is being levied on these 130 items that are mainly in nature of consumer goods.

The Concessional excise duty of 1 per cent without CENVAT credit facility is being imposed on (a) Articles of jewellery manufactured or sold under a brand name (b) Branded articles of gold, silver, platinum, palladium, rhodium, iridium, osmium or ruthenium.

Regards,

Querist : Anonymous

Querist : Anonymous (Querist)

24 February 2012 Thank you sir,

But If I manufacture the gold coins (NO JEWELLERY)as an job worker and not for direct selling. Then is it dutiable??
Or any serivce tax Liability (Like Busines Auxillary Service)???
Please provide me the supporting also...

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