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Jewellers to strike in protest over excise duty on Gold

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love dale belagavi

Jewellers will go on indefinite strike from March 1 in protest over the imposement of 1% excise duty on gold articles, the Shroff’s Association Shahpur declared in a press note.

The excise duty was imposed by Congress govt in 2012-13 and then for more than 20 days all the shops were closed. Then BJP MLAs Mps had supported the Bandh.

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The main issue for the said tax is under the said act each jweller will have to register take a license, maintain registers and has also the impact of inspector raj.

It will be a headache for the small jewelers, which make up 80 percent of the industry, and they will have another department to report to from a compliance point of view. The planned excise tax will make purchases more expensive for buyers and lead to irregular business practices.

Trinity Belagavi
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