Budget disappoints jewellery sector, 1% excise duty levied

Finance Minister Arun Jaitley in the Union Budget 2016 has proposed to levy 1 per cent excise duty on jewellery. Gem and Jewellery fraternity is extremely upset with the budget calling it totally unacceptable. IBJA have decided to make a presentation to the ministry to roll back the excise duty on jewellery. Read More