Excise Duty Raised on Gold to 7% from 5%

[Central Excise Notification No. 20 dated 5^th June 2013]

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) in S. No. 189, against item (i), for the entry in column (4), the entry “7%” shall be substituted;

(ii) in S. No. 191, against item (i), for the entry in column (4), the entry “7%” shall be substituted.

[F. No. 354/95/2013-TRU]