NOBODY IS LISTENING TO OUR CRY - ALL INDIA JEWELLERS ASSOCIATION

Jewellers of India wishes to bring to notice to the central government of India with re-implementation of the central excise duty law once again onto to us. The entire India jewellers association has been protesting against this law since 17th of March’12 now and we are in a very bad financial state. We have seen and have faced the hazards of the same in the past and was finally put to a stop in 1990. 

This entire law does not help the government to extract more tax from the people but it increases corruption both in the officers and the public. .

THE HAZARDS OF THE RE-IMPLEMENTATION OF THE CENTRAL EXCISE DUTY RULE – DICTATORSHIP OF CUSTOM OFFICIALS

1. Sentenced to jail for 7 years is too harsh a rule to be enforced, if found guilty .
2. Officer would have the authoritative power to seal stock and the shop. History of this law says, this power has been misused and had increased corruption
3. Penalty amount could be anything what the officer will demand for.
4. If one fails to pay the duty, the penalty would be four times the duty
5. The officer can take over and seize one’s property and valuables for 6 months
6. If officer catches any error in stock management report, the stock could be seized and the shop could be forced to be closed
7. Purification of the metal (gold melting), would be only done from Mumbai’s official houses
8. The manufacturer or labour’s stock would be seized if found any correction in their stock report
9. Pure gold could be only bought from the government through banks by paying through cheques. This would once again increase smuggling of gold.

What could help is to introduce extra tax as (for e.g. cess tax) and rollback this dictator law and avoid inclusion of custom excise officials and cause sense of insecurity to the jewellers.