Industry & Govt. Harmoniously Resolve Excise Woes
Trade felicitates Prime Minister Narendra Modi elieved by the favourable outcome of the high-level committee on the excise issue, the gem and jewellery industry, represented by the All India Gems & Jewellery Trade Federation (GJF), the Gem & Jewellery Export Promotion Council (GJEPC), and the All India Jewellers Action Committee (AIJAC), felicitated Prime Minister Narendra Modi for his support on the excise matter.
The trade bodies organised a meeting on July 23 at Vigyan Bhawan, New Delhi, where Modi addressed the industry members. Also present at the event were BJP chief Amit Shah, minister of state with independent charge for power, coal, new and renewable energy and mines Piyush Goyal, and minister of state for finance Santosh Gangwar.
The entire jewellery industry across the country attended this event. While addressing the invitees, Prime Minister Modi said, “Excise duty issues gave the government an opportunity to better understand the intricacies of jewellery sector. And you ( jewellery sector), in turn, have understood how the new government functions. It pleases me to note that both sides have won over each other. The industry’s fears regarding the excise department were not unfounded because of your past experiences. Most governments would come and enforce excise and you would oppose it; only for the order to be rolled back.
“No one took the trouble to understand the underlying problems; there was a clear lack of communication. This is what pushed this government to get to the bottom of this problem. Your protests did not solve anything. In the end, what helped to sort out this issue were intense closed-door meetings between the industry and government. We set up a committee and ensured that the trade was part of every discussion.”
Modi went on to add that henceforth, too, the government will ensure that any industry-related decision will be beneficial for the overall development of the country. He assured that the doors of the government are always open for the trade members. Modi noted that following the