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Jewellers on 3 days of India on strike; protests against excise duty imposition

Jewellers of India are on 3 days strike post imposition of 1 % excise duty in Union Budget 2016-17. They have also expressed feedback on customer’s pan card saying that many customers do not have pan card. Government has made pan card compulsory over jewellery purchase over Rs 2 lakhs. Ahmedabad, Rajkot and Saurashtra jewellers also observed bandh in protest against recent announcement. Jewellers are already facing difficulty of pan card over Rs 2 lakhs purchase. In 2005 and 2012 government had announced imposition of 1 % excise on jewellery sector which was later on withdrawn. Diamond and jewellery purchase has been included in excise duty imposition whereas silver jewellery has been exclude in recent budget announcement.