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Home > Business > Business Headline > Budget 2005-06 > Report
Imitation jewellery to be cheaper
February 28, 2005 16:13 IST
The government on Monday reduced the excise duty on imitation jewellery to eight per cent from 16 per cent while imposing a two per cent tax on expensive and premium jewellery sold under brand names. Announcing the Budget proposals for 2005-06, Finance Minister P Chidambaram observed that there was no levy at all on unbranded jewellery including unbranded gold jewellery.
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Budget 2005-06: Complete Coverage
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