Excise duty of 1% has been imposed on unbranded jewellery of precious metals (other than silver) as part of the Union Budget proposals for 2012-13. Several representations have been received in the Ministry of Finance on behalf of the manufacturers of jewellery including artisans and goldsmiths seeking reconsideration of this proposal on the ground that the industry is unorganized and fragmented and would find it difficult to comply with the provisions of Central Excise Law. There are reports that some members of the industry have been on strike in several parts of the country since the presentation of the Budget on 16th March, 2012.
In order to understand their concerns, the Union Finance Minister Shri Pranab Mukherjee has convened a meeting with representatives of jewellery manufacturers from major cities on Friday 6th April, 2012 at New Delhi. The concerned associations have been requested to nominate two representatives each for the said meeting. You May Also Like
loading...
Popular Posts
-
All Airlines have been advised to strictly adhere to prescribed safety standards. Director General, Civil Aviation Shri Prashant Sukul revie...
-
General Elections 2014 Fact sheet - 22 The 16 th Lok Sabha elections would be held in the 28 Parliamentary Constituencies...
-
The Government today informed that there are 7172 cases of corruption investigated by CBI pending trial as on 31-01-2012 in various courts a...
-
Bangalore, April 17 (IANS) Royal Challengers Bangalore pipped Delhi Daredevils in the Super Over after a tie to record their fourth win in ...
-
The Union Minister of Commerce and Industry Shri Anand Sharma met Mr. M.C. Bimha, Minister of Industry and Commerce, Zimbabwe on the side...
-
Bangalore, April 15 (IANS) It is about time that Delhi not just dared to win, but actually did so and time is fast running out for these st...
-
The Cabinet Committee on Economic Affairs has approved the launch of the Rajiv Awas Yojana (RAY) as a Centrally Sponsored Scheme (CSS), t...
-
As reported by Central Electricity Authority (CEA), out of 131.09 million tons of ash generated from the Thermal Power Plants in the country...
-
The Ministry of Railways has decided on installation of Coin Vending Machines (CVMs) at Railway Booking Offices at Railway stations. The det...
-
Government of India launched a special programme of “Bringing Green Revolution in Eastern India (BGREI)” – a sub scheme of Rashtriya Krishi ...