Exempts (a) cut and polished diamonds and gem stones; or (b) plain and studded jewellery of gold and other precious metals, from whole of excise duty w.e.f. 16-06-2005 - 021/05 - Service Tax

Rescinded vide Notification No. 34/2012- Service Tax, Dated 20/06/2012

Exempts (a) cut and polished diamonds and gem stones; or (b) plain and studded jewellery of gold and other precious metals, from whole of excise duty w.e.f. 16-06-2005

Notification No.  21/ 2005-Service Tax

Dated 7th June, 2005.

[As amended by notification no. 19/2006 ST dated 25-4-2006]

G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as the Finance Act), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts the taxable service of production or processing of goods for, or on behalf of, the client, referred to in sub-clause (v) of clause (19) of section 65 of the said Finance Act,  provided by ¹[any person], in the course of manufacture of,-

(a)  cut and polished diamonds and gem stones; or

(b) plain and studded jewellery of gold and other precious metals,

falling under Chapter 71 of the Central Excise Tariff Act, 1985 (5 of 1986), from the whole of service tax leviable thereon under section 66 of the said Finance Act.

2. This notification shall come into force on the 16th day of June, 2005.

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Note :

1. For the words "a commercial concern", the words "any person" has been substituted vide Notification No. 19/2006 dated 25/4/2006