Tariff
Value of Gold Jewellery Fixed at “First Sale Value”
of Manufacturer
[Central Excise Notification No. 33 (Non Tariff) dated 26th July 2016]
In
exercise of the powers conferred by sub-section (2) of section 3 of the Central
Excise Act, 1944 (1 of 1944), the Central Government hereby fixes the tariff value
in respect of the excisable goods falling under heading 7113 of the First
Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) mentioned in column
(2) of the Table below, to be the value as specified in the corresponding entry
in column (3), of the said Table, namely:-
|
Table |
||
|
SNo. |
Description
of excisable goods |
Tariff
value |
|
(1) |
(2) |
(3) |
|
1. |
Articles
of jewellery or parts of articles of jewellery or both, (other than those
which are manufactured from the precious metal provided by the retail customer). |
Value at
which such excisable goods are sold for the first time from the registered
premises or from the centrally registered premises, or branches of such
centrally registered premises (hereinafter referred to as the “first sale
value”) by the manufacturer or principal manufacturer, as the case may be. |
|
2. |
Articles
of jewellery or parts of articles of jewellery or both which are manufactured
from the precious metal provided by the retail customer. |
Value
which is sum of the,- (a) cost
of additional materials used by the manufacturer or principal manufacturer,
as the case may be, for making such articles of jewellery; (b) labour
charges charged by the manufacturer or principal manufacturer, as the case
may be, from the retail customer; and (c) value of precious metal provided by the retail customer. |
Explanation.-
For the purposes of
this notification, the registered premises or the centrally registered premises
or branches of such centrally registered premises, of the manufacturer or principal
manufacturer, as the case may be, of articles of jewellery or parts of articles
of jewellery or both, from where the goods are sold for the first time shall be
the place of removal for such articles of jewellery or parts of articles of
jewellery or both, and the time of removal shall be construed accordingly.
[F.
No. 354/25/2016 –TRU (Pt.-I)]