Diabytes
Excise duty on Jewellery News
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Jewellers have been on a strike since March 2 protesting against the proposed excise duty imposition on non-silver jewellery items.
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The strike by jewellers and bullion traders continued for a 11th straight day Saturday demanding withdrawal of the proposed excise duty on non-silver jewellery items.
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Jewellers across the country have been in protest mode since March 2 against the proposed levy on non-silver jewellery items announced in the Budget 2016-17 and mandatory quoting of PAN by customers for transactions of Rs 2 lakh and above.
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Jewellers have been on a strike since March 2 protesting against the proposed excise duty imposition on non-silver jewellery items made in the Budget 2016-17 as well mandatory quoting of PAN by customers for transaction of Rs 2 lakh and above.
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The proposed re-imposition of 1 percent excise duty on gold and diamond jewellery and mandatory quoting of PAN by consumers for transaction of Rs 2 lakh and above has not gone down well with the traders.
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