Kashmir gold dealers support strike over PAN rule for gold purchases

Kashmir gold dealers support strike over PAN rule for gold purchases


SRINAGAR: All Kashmir Gold Dealers and Workers Association on Wednesday supported the call given by the All India Gems and Jewellery Trade Federation over New Delhi’s decision on making it mandatory for customers to quote their Permanent Account Number (PAN) card details on jewellery purchases of Rs 2 lakh and above from January this year.
Even though the goldsmiths here did not down their shutters saying that in wake of strike calls on Feb 9 and 11 we decided to operate on Wednesday.
Bashir Ahmad Rather President of All Kashmir Gold Dealers and Workers Association, who is also the Secretary of New Dehli based Akhul Bhartiya Swarancar Sang told Kashmir Reader that we are supporting the strike call given at the All India level, but because of complete shutdown on Tuesday and Thursday, we decided to function on Wednesday.
We have sent our Secretary to be part of this protest that was lead by the Akhil Bhartiya Swarankar Sangh New Delhi.
He said that there is crisis like situation for the entire sector and we are losing customers mostly from rural areas at a very fast pace as majority of them doesn’t have PAN card.
“Across India 300 gold and jewellery associations are supporting this strike as business has fallen by 30 per cent since January,” Bashir said adding that most of the women customers do not have this card.
Adding that associations have opposes this proposal saying that asking our customer for PAN cards for this much purchase because if we ask them that means we have accepted the proposal.
Earlier we were also apart of candlelight march in Delhi and presented a memorandum to Finance Minister of India Arun Jately for amendment of this regulation. The associations he said are asking the government to make us apply this norm of seeking PAN details from customers on purchase above Rs 10 lakh.

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