The government’s decision to exempt small scale jewellers from excise duty will give a boost to the trade, the gems and jewellery industry said on Thursday. “On behalf of GJF, we appreciate the government’s support towards the gems and jewellery industry. This will boost the trade as the industry was eagerly awaiting the clarifications on the levy of excise duty,” … Read More →
Government in Rajya Sabha today refused to budge from its stance on levying one per cent excise duty on non-silver jewellery saying luxury items cannot be kept out of tax ambit for perpetuity, prompting a walk-out by members of the Congress and SP. Tearing into the opposition charge that imposition of the levy was killing the trade, Finance Minister Arun Jaitley refuted … Read More →
The levy of 1 per cent excise duty on non-silver jewellery will lead to “inspector raj and corruption”, Delhi Chief Minister Arvind Kejriwal today said today and hit out at the Centre for its decision despite widespread opposition. His comments came hours after a section of jewellers today met him at his residence urging him … Read More →
Jewellery industry body AIBJSF on Friday decided to continue their strike for an indefinite period against imposition of 1% excise duty on non-silver jewellery and announced plans to hand over keys of their shops to Finance Minister Arun Jaitley. All India Bullion, Jewellers, Swarankar Federation (AIBJSF), which had organised a big rally at Ramlila maidan … Read More →
Gems and jewellery exporters urged the Centre to withdraw the proposed 1 percent excise duty on non-silver jewellery, adding that they do not want to join the ongoing strike by bullion traders and retailers. Members of over 358 associations related to jewellery trade and related businesses are on strike since March 2 to demand withdrawal … Read More →
India’s Gem & Jewellery Export Promotion Council (GJEPC) recently called on the government to withdraw the 1 percent excise duty on jewellery – excluding plain silver jewellery – in the 2016-2017 Union Budget. In a press release, the council said GJEPC Chairman Praveenshankar Pandya has already approached the government to initiate meetings with officials from … Read More →