GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
New Delhi, the 17th March, 2012
Notification No. 9/2012-Central Excise (N.T.)
G.S.R (E). –In exercise of the powers conferred by sub-section (2) of section
3 of the Central Excise Act, 1944 (1 of 1944), the Central Government, hereby
fixes tariff value in respect of articles of jewellery (other than silver
jewellery), falling under sub-heading No. 7113 of the First Schedule to the
Central Excise Tariff Act, 1985 (5 of 1986), at the rate of 30% of the
transaction value as declared in the invoice.
Provided that nothing contained in this notification shall apply to articles
of jewellery manufactured from precious metal or old jewellery provided by the
retail customer.
Explanation: - For the purposes of this notification “transaction value” shall
have the meaning assigned to it in section 4 of the Central Excise Act, 1944
(1of 1944)].
[Raj Kumar Digvijay]
Under Secretary to the Government of India
[F No.334/1/2012 -TRU]