Artisans, Job Workers exempt from 1% excise on jewellery
Q. Government has exempted whom from 1 percent excise duty in the jewellery industry on March 20, 2016?- Published on 21 Mar 16a. Artisans
b. Job Workers
c. Both a and b
d. Jewellery Retailers
ANSWER: Both a and b
To prevent further agitation by jewellers against imposition of 1 percent excise duty, finance ministry has asked artisans and job workers to not pay this levy. Artisans and job workers not covered by this duty are not required to take registration, pay duty, file returns or maintain a book of accounts. For jewellery manufactured on job work, the liability is on the manufacturer and not the job worker, the government decided.
