sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
Customs and Excise »
 Central Board of Excise and Customs to be renamed CBIC by April
 Central Board Of Excise & Customs New Delhi GST Flyers
 Hike in customs duty on electronics likely to boost revenue collection
 Customs duty raised on electronic goods
 Ministry Of Finance (Central Board Of Direct Taxes) Notification
 Refund of IGST paid on export of goods under rule 96 of CGST Rules,2017
 Customs And Central Excise Drawback – Part II
 Customs Valuation (Determination of Value of Imported Goods) Rules 2007
 Amendment to Customs Valuation Rules – Notification No. 91/2017 (NT)
 GST on Custom House Agents
 The Customs and Central Excise Duties Drawback Rules, 2017 and All Industry Rates (AIRs) of Drawback related changes

Government to look into jewellers' demands at appropriate time
April, 28th 2012

The government today said it at an appropriate time will look into jewellers' demand, including roll back of excise duty on unbranded jewellery.

"The central government has held several meetings with the trade representatives/associations and assured them that the issues would be looked into at the appropriate time," Minister of State for Finance S S Palanimanickam told the Lok Sabha in a written reply.

He said jewellery dealers had observed protest against certain tax proposals relating to precious metals and jewellery announced in the Budget 2012-13.

The major demands were: roll back of one per cent excise duty on unbranded precious metal jewellery; reduction of import duty on gold and removal of the provision of tax collection at source (TCS) on cash sale of bullion or jewellery exceeding Rs 2 lakh or increase in threshold from 2 lakh to 10 lakh, he said.

"The representations received in this regard are under examination," Palanimanickam said.

Replying to another query, Palanimanickam said representations were also received seeking simplification of excise duty to convert the existing composite rate to fully specific or ad valorem without reference to MRP, reduction of basic customs duty on coal and withdrawal of exemption from basic customs duty on import of cement.

"There appear to be no import hindrances as imports of cement are fully exempt from basic customs duty and are free under the Foreign Trade Policy subject to conformity with BIS specifications," he said.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Internet Marketing Website Marketing Internet Promotion Internet Marketing India Website Marketing India Internet Promotion India Internet Marketing Consultancy Website Marketing Consulta

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions