Jewellers back on strike, shut shops for 3 days over excise duty

New Delhi: Jewellers and bullion traders in several parts of India, including Delhi, on Monday resumed their strike, demanding a rollback of the 1% excise duty on non-silver jewellery.
Most of the shops and jewellery showrooms are closed on Monday in the national capital and other major cities, vice-president of the All India Sarafa Association, Surinder Kumar Jain told PTI.
Striking associations in different parts of the country have collectively decided to go for a complete closure of bullion markets for three days in major as well as small towns, Jain said. Jewellers and artisans in the industry staged a dharna at Jantar Mantar in New Delhi on Monday extending support to the strike call given by different associations in the country.
Jewellery shops in several parts of Rajasthan including Jaipur, Jodhpur and Kota and nearly 3,000 jewellery establishments in Kanpur, Uttar Pradesh are also closed. Major associations such as All India Gems & Jewellery Trade Federation (GJF) and India Bullion & Jewellers Associations, however, are not supporting the strike.
“We are already in negotiations with the government and there is a positive outcome. The government has already issued three circulars and will soon come out with a notification over simplification of implementation of excise duty on non-silver jewellery,” Ashok Minawala, director (GJF) said.
Kanpur Sarafa Association has threatened to go on indefinite strike again if their demands are not fulfilled.

Leave a Reply

Your email address will not be published.