Source: Agencies20 Mar 2016 09:21:09
Mumbai, March 20: Jewellers called off their 18-day old strike demanding rollback of proposed excise duty on non-silver jewellery after government assured them that there will be no harassment by excise officials.
Major jewellery associations, including All India Gems and Jewellery Trade Federation (GJF), India Bullion and Jewellers Association (IBBJ) and Gems Jewellery Export Promotion Council decided to call off the strike after meeting Finance Minister Arun Jaitley regarding the 1 per cent excise duty proposed on jewellery in the budget.
GJF Chairman Sreedhar G V said that after long deliberations all associations agreed to call off the stir.
Over 3 lakh jewellers from more than 300 associations kept their establishments closed across the country since March 2 after the Finance Minister in the budget for 2016-17 announced one per cent excise duty on non-silver jewellery.