GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
Notification No. 2/2012-Central Excise
New Delhi, the 16th January, 2012
G.S.R. (E). - In exercise of the powers conferred by sub-section (1) of section
5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, on being
satisfied that it is necessary in the public interest so to do, hereby makes the
following further amendments in the notification of the Government of India in
the Ministry of Finance (Department of Revenue),
No. 5/2006-Central Excise,
dated the 1st March, 2006 which was published in the Gazette of India,
Extraordinary, vide G.S.R. 95(E) dated the 1st March, 2006, namely: -
In the said notification, in the Table,-
(i) for S. No. 21A, and the entries relating thereto, the following shall be
substituted, namely:-
| (1) |
(2) |
(3) |
(4) |
(5) |
| “21A |
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-
(a) gold ore or concentrate;
(b) gold dore bar; or
(c) silver dore bar
Explanation.- For the purposes of this exemption,
‘gold dore bars’ shall mean
dore bars having gold
content not exceeding 95% and‘silverdore 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. |
1.5% |
-”; |
(ii) for S. No. 21B and the entries relating thereto, the following shall be
substituted, namely:-
| (1) |
(2) |
(3) |
(4) |
(5) |
| “21B |
71 |
Silver manufactured in a factory starting from the stage of-
(a) silver ore or concentrate;
(b) silver dore bar; or
(c) golddore bar.
Explanation.- For the purposes of this exemption, ‘gold dore bars’
and ‘silver dore bar’ shall have the same meaning as inS. No. 21A. |
4% |
-”; |
(iii) for S. No. 21C, and the entries relating thereto, the following shall be
substituted, namely:-
| (1) |
(2) |
(3) |
(4) |
(5) |
| “21C |
71 |
The following goods manufactured or produced during the process
of copper
smelting starting from the stage of copper ore or concentrate in the same
factory:-
(i) gold bars , other than tola bars, bearing manufacturer’s or refiner’s
engraved serial
number and weight expressed in metric units and gold coin;
(ii) silver in any form |
2%
6% |
-”; |
(iv) against S. No. 25, in column (3), for the words “silver, platinum,” the
words “platinum”, shall be substituted.
2. This notification shall come into force with effect from 17th January, 2012.
[F. No. 354/4/2012-TRU]
[Raj Kumar Digvijay]
Under Secretary to the Government of India
Note.- The principal notification No.5/2006-Central Excise, dated the 1st March,
2006 was published in the Gazette of India, Extraordinary, Part II, Section 3,
Sub-section (i) vide number G.S.R. 95(E) dated the 1st March, 2006 and was last
amended vide notification No.25/2011-Central Excise, dated the 24th March ,2011
which was published in the Gazette of India, Extraordinary, Part II, Section 3,
Sub-section (i) vide number G.S.R 237 (E) dated the 24th March, 2011.