Central excise duty on gold bullion

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... What is the rate of duty on manufacture of pure gold bullion from raw gold/ gold dust/ dore bars by refining process? - Reply By Pradeep Khatri - The Reply = Pure gold does not attract any Excise Duty. - Reply By Anil Kumar - The Reply = Under Chapter heading 7108 gold attracts 12% duty. However, Notification no. 12/2012 CE dated 17.3.2012 has prescribed effective rate of duty in respect of .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... different forms of gold. Under Sl.No.188 "Primary gold converted with the aid of power from any form of gold other than gold ore, concentrate or dore bar" attracts Nil duty. The explanation provides that "primary gold" means gold in any unfinished or semi-finished form and includes ingots, bars, blocks, slabs, billets, shots, pellets, rods, sheets, foils and wires. Under Sl.No.189 Gold bars, o .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ther than tola bars, bearing manufacturer s engraved serial number and weight expressed in metric units manufactured in a factory starting from the stage of- (a) Gold ore or concentrate; (b) Gold dore bar; or (c) Silver dore bar attracts 3% duty. The explanation thereunder is as under: Explanation.- For the purposes of this entry, gold dore bar shall mean dore bars having gold content .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... not exceeding 95% and silver dore bar shall mean dore bars having silver content not exceeding 95% accompanied by an assay certificate issued by the mining company, giving details of composition - Reply By NEERAJ KUMAR, RANCHI - The Reply = Pure gold attracts Nil rate of duty. - Central excise duty on gold bullion - Query Started By: - Raginee Goyal Dated:- 15-5-2012 Central Excise - Got .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 3 Replies - Central Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X