Amendment in Notification non 12/2012-Central Excise with respect to Gold and Silver Bar


Dated 13th July 2013

Government of India, Ministry of Finance (Department of Revenue) vide its Notification No.1 /2013-Central Excise dated 21st January, 2013 hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 12/2012-Central Excise, dated the 17th March, 2012 which was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 163(E) dated the 17th March, 2012, namely: –

In the said notification, in the Table,-

(i) for S. No. 189 and the entries relating thereto, the following shall be substituted-

“189

71

Gold bars, other than tola bars, bearing manufacturer’s engraved serial number and weight expressed  in metric units manufactured in a factory starting from the stage of-

(i) (a) Gold ore or concentrate;

(b) Gold dore bar; or

5%

(ii) Silver dore bar

Explanation.-For the purposes of this entry, ‘gold dore bar’ shall mean dore bars having gold content 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

3%

-“

(ii) in S. No. 191, against item (i), for the entry in column (4), the entry “5%” shall be substituted.

Note.- The principal notification No. 12/2012-Central Excise, dated the 17th March, 2012 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 163(E) dated the 17th March, 2012 and was last amended vide notification No.37/2012-Central Excise, dated the 11th October,2012 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R 760 (E) dated the 11th October,2012.

SOURCE: GOVT. OF INDIA, Ministry of Finance

 

Advertisements

About neeraj prasad

contact me on neeraj001@gmail.com if you wish to have any clarification !!
This entry was posted in CBEC Central Excise and tagged , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s