Manufacture - whether conversion of bullion to coins is manufacure?

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..... Dear Colleages Please give a reply to my query ASAP ! We buy Gold Bars and bullion and convert into gold coins and bars of smaller denominations by outsorucing the converison to a gold refinery on a job work basis. Coins and bars are then packed in a tamper proof packet and our logo is embossed (by the refinery only). We market the same under our brand name (not registered). New budget has b .....

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..... rought in 1% / 5% Excise duty on gold. Will our process be covered under manufacture? Whether we are convered under the new levy? Thanks in advance - Reply By Surender Gupta - The Reply = Articles of jewellery manufactured or sold under a brand name, if maufactured, have been brought into central excise net i.e. 1% or 5% duty. Gold bars are aleady under central excise net - see central .....

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..... excise notification no. 5/2006 read with 5/2011 - Reply By Surender Gupta - The Reply = Further, gold coins in my view still falling under exemption list - Sr. no. 24 of central excise notification no. 5/2006 read with 5/2011 - Reply By Jameskutty Antony - The Reply = Sir But the most important question is whether this conversion is manufacture? If it is manufacture, I have to pay E .....

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..... D. - Reply By tushar aggarwal - The Reply = Plz answer whats d effective rate of gold coin in india? - Manufacture - whether conversion of bullion to coins is manufacure? - Query Started By: - Jameskutty Antony Dated:- 7-3-2011 Central Excise - Got 4 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagement .....

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..... india - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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