Change in Excise duty on Articles of Jewellery

Excise duty exemption on Articles of#Jewellery [excluding silver jewellery,
other than studded with diamonds or other precious stones namely, ruby, emerald
and sapphire] being withdrawn with a higher threshold exemption upto Rs 6 crore
in a year and eligibility limit of Rs 12 crore, along with simplified compliance
procedure.

Now , it is proposed:1% (without Input Tax Credit)

                           or

                        12.5%  (Input Tax Credit)