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No rollback of excise on branded jewellery
Clarifications may be issued on scope of the dutyThe Rs 1 lakh crore gem and jewellery industry will not get respite from paying one per cent excise duty on jewellery sold under a brand name. The finance ministry is not convinced with the demands by the industry to roll back the duty. Leading branded jewellers have already started paying the excise duty."We are not reviewing the proposal to levy excise