PTI
NEW DELHI, MARCH 4
Jewellers, protesting throughout the country against the government proposal to re-impose 1 per cent excise duty, have decided to extend their strike till March 7, industry body All India Gems and Jewellery Trade Federation (GJF) said on Friday. The drafted excise guidelines gems and jewellery are not practically implementable and will be detrimental to the survival of the industry, GJF Chairman G V Sreedhar said. GJF along with All India Jewellery Associations has decided to extend the strike till March 7. Jewellers went on strike for three days from March 2. In the Budget 2016-17, the government has reimposed 1 per cent excise duty on gems and jewellery sector without input credit and 12.5 per cent with input credit. GJF along with many Associations have met senior ministers, MPs and Finance Ministry officials requesting the government to rollback excise from gems and jewellery sector.
