Win for Kalyan Jewellers: CESTAT rules Non-Studded Silver Articles Classifiable as ‘Articles of Jewellery’ with Nil Duty

CESTAT (Customs, Excise, and Service Tax Appellate Tribunal) ruled that non-studded silver articles are classifiable as articles of jewellery with nil duty, a win for Kalyan Jewellers. The tribunal held that the absence of precious stones does not preclude silver articles from being considered jewellery for customs duty purposes. This classification results in a nil rate of duty, providing a significant benefit to Kalyan Jewellers and potentially other manufacturers and traders of non-studded silver jewellery.