23 April, New Delhi
The government Saturday extended the deadline for jewellers to obtain Central excise registration till July 1, pending submission of report by the panel, led by former chief economic advisor Ashok Lahri.
, liability for the goldsmiths to pay excise duty will be applicable from March 1, an official statement said here. The Centre extends the time limit for taking Central Excise registration of an establishment by a jeweller up to July 7.
”The assessee jewelers may make the payment of Excise Duty for the months of March, April and May, along with the payment of Excise Duty for the month of June,” the statement added.Until last week, the goldsmiths were on strike to protest against the government’s decision to levy one per cent excise on all non-silver jewellery.
The proposal was announced in the Union budget 2016-17.The government on March 21, set up the panel to look into the goldsmiths’ demand. It is mandated to submit its report within 60 days.