Saturday, 21 May 2016

Reader’s Response: Excise duty on jewellery cripples the industry

 Tough norms

Your 'Story of the Month' on excise  duty has well-conveyed the message that the tax is against the business and the government must scrap it. The GJ industry has been working under tight regulations from the last few years.Now, the introduction of excise duty will further hinder the growth. Though, as per the Finance Minister, karigars and  small businesses will be out of the excise net, the impact would eventually affect
all the stakeholders.

Prem Sukh Verma

Director, BB Jewellers, New Delhi

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