Central Excise on Jewellery

In the year 2005, the Union Govt. has introduced the Central Excise Duty @ 2% on branded Jewellery. However, there was mere collection of Rs. 16 Crores only till 2008 and therefore in the year 2009, it was withdrawn. Again in the Union Budget 2011, the duty was re-introduced @1% on branded precious metal jewellery. […]