Diabytes
GJF News
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ANMOL Jewellery founder Ishu Datwani said its a big relief and the timing is right as it is just before Diwali.
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With the onset of the festive season, the gems and jewellery industry fears losing out on sizeable sales, with some industry leaders saying continuation of the strike will be a "disaster" for the business.
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The strike by a large number of jewellers and bullion traders continued for the 21st day today to protest against the Budget proposal to impose 1 per cent excise duty on non-silver jewellery, despite the government constituting a panel to look into their demand.
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All you need to know about the today's jewellery shops nationwide strike...
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The gold import stood at 53 tonne during April last year, according to data given by The All India Gems and Jewellery Trade Federation (GJF).
Gems and jewellery traders have asked the government to cut down the duty on gold to two percent from current 10 percent.
The government should not impose further curbs on gold imports as it will spell doom for the gems and jewellery sector, the All India Gems and Jewellery Federation (GJF) said on Wednesday.
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