Friday, 22 April 2016

Reader’s Response : Excise duty cripples industry

Track the bullion

Rather than imposing excise duty on jewellery, which can be re- cycled, the government should put a ban on the sale of bullion in grey market. They should pass a bill stating that all gold bars and coins will be sold or given to export houses and local jewellers through banks or MMTC.

Vikas Soni
Director, JM jewels,
New Delhi

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