Gold and jewellery establishments in many parts of the country remained closed for the 25th day on Saturday as traders continue to protest against the budgetary proposal imposing 1 per cent excise dut
Gold and jewellery establishments in many parts of the country remained closed for the 25th day on Saturday as traders continue to protest against the budgetary proposal imposing 1 per cent excise duty on non-silver jewellery, even as the government set up a panel to look into their demand.
Traders in several parts of the country, including in Delhi and Kolkata, kept their shops shut on Saturday. Showrooms in Tamil Nadu were open.
All India Bullion, Jewellers, Swarankar Federation, which had organised a rally at Ramlila Maidan here on March 17, is continuing the strike, though three major associations — GJF, ABJA and GJEPC — had called off the strike last Saturday after government’s assurance that there would be no “Inspector Raj”.
A government-constituted panel, under former chief economic advisor Ashok Lahri, will look into the demands of jewellers.
The panel has been asked by the government to submit its report within 60 days after a comprehensive reading into issues related to compliance procedure for the excise duty.
