-
Jewellers strike: Industry is also opposing Centre's mandatory quoting of PAN by customers for transactions of Rs 2 lakh and above. The government had set up a three-member committee, headed by former Chief Economic Adviser at the Ministry of Finance and Company Affairs Ashok Lahiri, to look into the issues and find a solution.(Reuters)
-
Jewellers strike: The sub-committee of a high level committee constituted earlier to suggest steps to sort out taxation problems being faced by trade and industry will have three representatives of the trade. "All associations will be given an opportunity to submit representation before the Sub-Committee in writing and the all India associations to state their case in person," the Finance Ministry said in a statement today.<br></br>Image Caption: Jewellers protest against Finance Minister of India, Arun Jaitely for imposing Excise Duty, outside his residence in New Delhi. (Express Photo by Praveen Khanna)
-
Jewellers strike: Even as major associations of the jewellery industry have called off their stir following assurance by the government to look into their concerns, a section of jewellers in the country continue to protest against the budget proposals. Late Saturday, major associations, including All India Gems and Jewellery Trade Federation (GJF), All India Bullion and Jewellers Association (IBJA) and Gems Jewellery Export Promotion Council (GJEPC) called off strike after government's assurance that there would be no 'Inspector Raj'. <br></br>Image Caption | Mirzapur: Jewellers block the road during a protest against hike in excise duty on gold. (Image: PTI)
-
Jewellers strike: The Finance Ministry further said till the recommendations of the sub-committee are finalised there will be no arrest or criminal prosecution of any jeweller. There will also be no search and seizure of stocks by any central government officials. Further, the Central Excise Officers will not visit the manufacturing units/ shops/ place of business/residence of the jewellers; and all payments of Central Excise duty will be based on first sale invoice value till committee's recommendations are finalised. <br></br>Image Caption: Jaipur: Jewellers protest against the one percent excise duty hike proposed by Finance Minister Arun Jaitley in the 2016-17 union budget, in Jaipur on Tuesday. (Image: PTI)
-
Jewellers strike: "The Central Excise authorities will not challenge the valuation given in the invoice provided the caratage / purity and weight of the gold/silver with precious stones; and carats of diamond/precious stones are mentioned on the invoice," the Ministry said. Exporters will be allowed to export on self-declaration and submission of LUT to customs without the need to get LUT ratified by central excise, it said, adding "the prevailing system will continue". <br></br>Image Caption: Members of 'Nikhil Assam Swarna Silpi Samiti' taking out a protest rally against govt's move to hike Excise Duty on gold jewellery in recent Union Budget in Guwahati. (Image: PTI)
-
Jewellers strike: Regarding composition of the sub-committee, the Ministry said there will be three representatives of the trade (to be decided by the Government); one legal expert; and officer concerned from the Ministry of Commerce and Industry. High level officials from the Central Excise Department will also be nominated by Central Board of Excise and Customs (CBEC). <br></br>Image Caption: Members of the All India Bullion Jewellers and Swarnkar Action committee take part in a protest for the roll back of the 1% excise duty that was earlier levied by government, at the Ram Leela maidan in New Delhi . (Express Photo by Purushottam Sharma)
Aadhaar Card update October 2025: Here’s how to change name, address, date of birth and phone number online in simple steps
