Gold coins / gold srips, Central Excise

[arun aggarwal]

Sir

With the reference to notification no 34/2016 dt 8/09/2016 explaination no (ii ) ammending serial no 192 of 12/2012CE dt 17/03/2012 and expailation no (1) and notification no 2/2011 CE dt 01/03/2011 further ammended by 20/2012 CE dt 19/03/2012 what is the rate of duty on unbranded gold coins/medals and gold strips having purity of less than 99.5% but more than 37.5 % and the right classification.

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

In my view the notification cited by you is not applicable to your unbranded gold coins/medals and gold strips.

[YAGAY AND SUN]

Endorsing the view of Mariappan Sir. However, if the stakes involved are too high, then by disclosing of all material facts, seek an opinion from Tax Consultant.

[Ganeshan Kalyani]

Yes if stake involved in the query is substantial then seeking written opinion from a practising indirect tax consultant is advisable.