No roll­back of new levy on jew­ellery, says Jait­ley

Hindustan Times ST (Mumbai) - HT Navi Mumbai Live - - FRONT PAGE - HT Correspondent let­ters@hin­dus­tan­times.com

NEW DELHI: The gov­ern­ment will not roll back 1% ex­cise duty on gold jew­ellery, fi­nance min­is­ter Arun Jait­ley has said of the de­ci­sion that prompted jew­ellers to go on strike for more than a month.

Re­ject­ing op­po­si­tion par­ties’ de­mands, the min­is­ter said on Thurs­day the levy, pro­posed in the bud­get, was only ap­pli­ca­ble on jew­ellers with an an­nual turnover of more than ` 12 crore and not on small traders and ar­ti­sans. “Tax will have to be paid… but we will en­sure that there is no ha­rass­ment of jew­ellers,” Jait­ley said re­ply­ing to a dis­cus­sion on the fi­nance bill that was passed in the Lok Sabha. Par­ties in­clud­ing the Congress, AAP and Tri­namool Congress had op­posed the move. CON­TIN­UED ON P10

Arun Jait­ley

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