Tag «Govt»

GJEPC URGES GOVT. TO WITHDRAW EXCISE TAX ON JEWELLERY

 Council to engage in dialogue with Govt. to roll back excise duty & facilitate ease in business Council avoids strike/protest; yet morally supports GJF & gems & jewellery trade associations   Gems and Jewellery Export Promotion Council (GJEPC) today stated that the imposition of 1% excise duty on jewellery (other than plain Silver jewellery) by …

Govt plans 2% raise in excise duty, service tax

The finance ministry is considering a proposal to raise excise duty and service tax by two per cent to 14 per cent each in the Union Budget for 2013-14. The move is likely to help the ministry collect about Rs 30,000 crore. Certain exemptions may also be rolled back. “It is being debated whether both …