by admin | May 25, 2021 | Economy, News
New Delhi : (IANS) The Delhi assembly on Tuesday passed a resolution against the central government’s proposition to impose one percent excise duty on the jewellers and urged the prime minister to roll it back.
The resolution read: “This house, having understood the hardships being forced by both the jewellers and prospective customers in the wake of recent proposal in the union budget to impose one percent excise duty on non-silver jewellery, resolves that such a move is detrimental to the interest of all concerned and urges upon the prime minister of India to direct the union finance minister to immediately roll back the proposed excise duty.”
Delhi Chief Minister Arvind Kejriwal termed the BJP-led central government “arrogant”.
“On one side our government has reduced taxes while on the central government had imposed one percent excise duty on the jewellers. They (jewellers) are peaceful people but today they are forced to protest on the roads,” he said.
He said that Indian jewellery has international repute and instead of encouraging it, the BJP government is putting extra burden on the jewellers.
“Modi governments is as arrogant as the Congress government was.. they didn’t listen to the people either,” he said.
by admin | May 25, 2021 | Business, Medium Enterprise
New Delhi : (IANS) Delhi Chief Minister Arvind Kejriwal on Saturday urged the chief ministers of all states to oppose the central government’s proposal to levy excise duty on non-silver jewellery.
“I wrote to prime minister a few days back seeking roll back of excise on jewellers. Today, I wrote letters to all chief ministers urging them also to write to PM,” Kejriwal tweeted on Saturday.
Finance Minister Arun Jaitley, in his budget speech, had proposed levying one percent excise duty on non-silver jewellery.
Many jewellers and bullion traders associations have been opposing the move and have been on an indefinite strike since March 2.
“I have written to the prime minister requesting him to roll back the excise proposal. I also request you to oppose the excise duty on jewellers and write to the central government in this regard,” Kejriwal said in his letter to the chief ministers.
by admin | May 25, 2021 | Business, Medium Enterprise
Jaipur : (IANS) With jewellers across the country on strike sinch March 2 on imposition of excise tax on jewellery, the Gems and Jewellery Export Promotion Council (GJEPC) on Friday urged the central government to withdraw the measure.
The apex body of the gems and jewellery industry which presently represents over 6,000 exporters in the sector, said the imposition of one percent excise duty on jewellery (other than plain silver jewellery) imposed in the union budget 2016-17 is not in the industry’s interest.
“We strongly urge the finance minister to reconsider the withdrawal of levy of excise on jewellery products. The imposition of excise would severely impact jewellery production in India resulting in loss of employment to the uneducated but skilled jewellery workers,” said GJEPC chairman Praveenshankar Pandya at a press conference here.
“Jewellery in the country is largely produced by the SMEs and they are not equipped to follow the rigid compliance of excise norms..
“We morally support the stand taken by GJF and other industry associations but we do not want to go on strike as a protest against this announcement as we believe in engaging with the Union government with constructive dialogue to persuade them to repeal the same,” he added.
Meanwhile, the GJEPC will host the ‘India Gem & Jewellery Awards (IGJA)’ 2015 that recognises and rewards star performers of the Indian gem and jewellery sector here on Saturday. Union Power Minister Piyush Goyal and Rajasthan Chief Minister Vasundhara Raje are expected to attend.
A total of 32 nomination awards and 5 felicitation awards will be given away at GJEPC-IGJA 2015.
