News

Government extends deadline for excise registration

diamond world news service

The Indian government has extended its deadline for jewellers to register with the central excise department. The deadline has been further extended from July 1, to July 31, 2016, reports say.

In the budget this year, the Indian Finance Minister Arun Jaitley had announced imposing 1 percent excise duty on non-silver jewellery; a mandate widely protested by jewellers across the country, reports add.

The excise duty payment liability begins from March 1, 2016. As such the jewellers can pay the duties pertaining from March to May and payment of excise due for June, by July 31, 2016, reports add.


Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet

Sotheby’s Paris Presents Jewellery Auction Featuring Spanish Socialite’s Collection

GIA India Holds Graduation Ceremony for Gemology Students in Mumbai

Opsydia Appoints Jacqui Larsson as Sales & Marketing Director

MidnightOperaHouse and Gemfields Unveil the Enchanting 'Floral Seasonscape' Collection

Malabar Gold & Diamonds displays sparkling success with an annual turnover of Rs 51,218 Crore