Arun Jaitley’s budget speech with its `9 pillars’ of growth may have soared the hopes of many, but his one sentence, announcing 1% excise duty on all gold jewellery as well as studded jewellery ornaments, floored the entire gems & jewellery trade. For, a trade that pinned its hopes of a reduced import duty on … Read More →
Jewellers, bullion traders and artisans are showing no signs of backing down in their protest against imposition of 1% excise duty on non-silver jewellery as their strike entered 39th day on Saturday with many keeping their shops closed. Many jewellery showrooms in cities such as Delhi, Mumbai and Kolkata are closed since March 2 after … Read More →