Jewellers ends their 18 day strike: they will not be harassed for 1% excise duty, assures government

Mumbai: After getting assurance from government that jewellers will not get any harassment by excise officials in the issue relating proposal of 1% of excise duty imposed on non-silver jewellery. Jewellers including major organizations such as GJF, IBBJ and Gems Jewellery Export Promotion Council started this strike for rolling back this decision, jewellers also are against the compulsory quoting of PAN by the customers for the transactions of rupees two lakh and above. But they decided to end the 18 day strike after the meeting with finance minister Arun Jaitley.

“It (excise duty) has not been rolled back but our grievances have been taken care of. The Finance Minister has assured us that there will be no ‘inspector raj’ and we are hopeful of getting a notification in this regard. “After long deliberations, all associations agreed to call off the stir,” GJF chairman Sreedhar G V told PTI in mumbai.

As per reports Jewellers will open their shops on Sunday.

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