Jewellers' Strike Over Excise Duty Enters 18th Day

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Jewellers' Strike Over Excise Duty Enters 18th Day

A strike by jewellers and bullion traders continued for the 18th straight day on Saturday demanding a roll-back of the proposed excise duty on non-silver jewellery.

Most jewellery shops and establishments in the country have been on strike since March 2 after Finance Minister Arun Jaitley in his Budget announced 1 per cent excise duty on non-silver jewellery.

Jewellers are also opposed to mandatory quoting of PAN by customers for transactions of Rs. 2 lakh and above.

Meanwhile, in a bid to calm the frayed nerves of agitating jewellers, the Finance Ministry on Friday said artisans and job workers will not have to pay this levy.

A strike by jewellers and bullion traders continued for the 18th straight day on Saturday demanding a roll-back of the proposed excise duty on non-silver jewellery.

Most jewellery shops and establishments in the country have been on strike since March 2 after Finance Minister Arun Jaitley in his Budget announced 1 per cent excise duty on non-silver jewellery.

Jewellers are also opposed to mandatory quoting of PAN by customers for transactions of Rs. 2 lakh and above.

Meanwhile, in a bid to calm the frayed nerves of agitating jewellers, the Finance Ministry on Friday said artisans and job workers will not have to pay this levy.



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