Earlier Jewelry was not chargeable to excise
From 1 3.2016, Jewellery is charged to excise as follows
- Excise Duty @ 1% if Jeweller is not claiming cenvat (input)
- Excise Duty @ 12.5% if Jeweller is claiming cenvat (input)
(Notification No. 8/2003 CE dated 01.03.2003