Jewellers end strike after 18-day as Arun Jaitley assure them

Mumbai : 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.

"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.

Sreedhar G V Chairman GJF said that, "After long deliberations, all associations agreed to call off the stir."

Jewellers Strike Arun Jaitley Gold Excise Duty Gems Jewellery

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