If Centre can talk with Pak why not with jewellers: Shiv Sena

Image
Press Trust of India Mumbai
Last Updated : Mar 30 2016 | 7:42 PM IST
Shiv Sena today threatened to hit the streets for the cause of jewellers who are on strike against a budgetary proposal to levy one per cent excise duty on non-silver jewellery and wondered why the Centre cannot hold talks with them though it can do so with Pakistan.
"The government at Centre is not functioning in the right manner. If we (the Centre) can talk to Pakistan, then why we cannot talk to jewellers' associations," Shiv Sena president Uddhav Thackeray said here.
Earlier, the Executive Committee members of the All India Gems and Jewellery Trade Federation (GJF) today met Thackeray at Sena Bhavan here.
A large number of gold and jewellery establishments remained shuttered from March 2 as the traders continue their strike to protest against the Budget proposal to levy one per cent excise duty on non-silver jewellery.
He said Sena will take to streets if the party's help is needed for the jewellers.
"If these traders need our help, then Sena will take to streets. The previous government was not up to the mark and thus we have been elected to power," Thackeray said.
Most jewellery houses have been closed since March 2, demanding withdrawal of the proposed excise duty. The government has constituted a panel under former Chief Economic Advisor Ashok Lahri to look into the demands of jewellers.
The panel, which has been asked to submit its report in 60 days, will look into issues related to compliance procedure for the excise duty, including records to be maintained, forms to be filled, operating procedures, and other relevant issues.
Finance Minister Arun Jaitley in the Budget 2016-17 proposed one per cent excise duty on jewellery without input credit, or 12.5 per cent with input tax credit, on jewellery, excluding silver other than studded with diamonds and some other precious stones.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 30 2016 | 7:42 PM IST

Next Story