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Updated: April 6, 2012 10:40 IST

Jewellers’ strike: Cong asks Govt to consider demands

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Jewellery traders and manufacturers take out a rally in Bhopal during the ongoing indefinite strike in protest against increase in import duty and added excise duty on gold in the Union Budget. File photo
The Hindu
Jewellery traders and manufacturers take out a rally in Bhopal during the ongoing indefinite strike in protest against increase in import duty and added excise duty on gold in the Union Budget. File photo

Amid widespread protests by jewellers against an increase in import duty on gold and excise duty on unbranded jewellery, Congress on Friday asked the government to consider their demands sympathetically.

“Congress has asked the government to consider the demand of jewellers sympathetically,” AICC General Secretary and media department chief Janardhan Dwivedi said.

Mr. Dwivedi’s statement came ahead of a meeting of a delegation of jewellers with Congress president Sonia Gandhi here.

Representatives of jewellery manufactures from major cities are also scheduled to meet Union Finance Minister Pranab Mukherjee.

Jewellers in various parts of the country have been on a strike since March 17 to protest the hike in import duty on gold and imposition of excise duty on unbranded jewellery. The proposal was announced during Mr. Mukherjee’s Budget speech for 2012-13.

Delhi Jewellers and Goldsmith Association President Ram Avtar Verma had said yesterday that jewellers will decide on whether to end the strike or not after meeting the Finance Minister.

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Silence may be Gold but here gold dealers feel they have to speak..
we wonder why this 'Gold"veri among people.They should stop buying
Gold if the government accepts to reduce the taxes.Many middle income group spend
huge money on buying gold when their children get married.Temple assets had
increased due to devotees offering gold.The burglars decamp with gold from the
houses of low income people.If the government sticks to its taxes,the gold
buying would not come down.Next month (May end)there would be a spate of gold purchases, If speech is silver,Gold would make us dumb.

from:  doodu
Posted on: Apr 6, 2012 at 21:19 IST

Government not to bow such requirement. Gold price has soared up triple
time with in a decade. In fact, Gold is being main cause for Inflation.
Government has taken right move

from:  Veeraraghavan
Posted on: Apr 6, 2012 at 13:27 IST

If would be horrible on the part of the government if they roll back these taxes when they are so hesitant to remove taxes and duty on fuel which affects the common man. Even if jewellers go on strike it would not effect anyone. Jewellery is nothing but a luxury, so why hesitate to tax a luxury item when they do not hesitate to levy taxes on fuel!!

from:  Prasad Kulkarni
Posted on: Apr 6, 2012 at 13:10 IST

The Govt should take immediate action by rolling back the taxes for the Poor Jewellers !!!! who are becoming poorer and poorer every day due to their expansions and luxury life..

from:  Sathish
Posted on: Apr 6, 2012 at 12:37 IST

The appetite for gold for Indians is insatiable and people will buy gold, come what the cost may! Hence I fail to understand the anxiety of gold jewellery manufacturers and dealers. The government is clever to understand this and is hiking the taxes. It is like tobacco and cigarettes! The merchants of gold will do well to abolish the "making charges" and "wastage charges" on jewellery which is nothing but fleecing the gullible consumers. Have you ever heard of 'making charges' and 'wastage charges' on ready made garments? These costs on jewellery should be reasonable and built into the selling price and this should be monitored by the Government. The customers also do not demand bills to "avoid" VAT etc which is also deplorable. The Government should bring in reforms in these areas and raise taxes reasonably every year like on cigarettes! The sympathies of political parties are misplaced!

from:  R.M.Murthy
Posted on: Apr 6, 2012 at 12:24 IST

India is the largest consumer of gold.But the question rises how does it effect the economy of country and why our goverment has taken this stand by increasing the import duty and taxes on unbranded jewellery.we indians actuaaly spends appox 100 billion dollars on gold every year.Our currency is directly flowing out of country. And this causes a lack of money circulation in our country we all know money in circulation generates money,because these are invested some where and become a useable resource.this hepls our country but how does it help ourself and our country if we buy gold keep it in our does not generate any income rather it is static in only helps to gain respect in our family that we have this much of gold nothing more than that.we feel happy that is value is increasing.But if we can invest that mopney somewhere else it help us to gain more than that and it will also help our country.

from:  manish kumar
Posted on: Apr 6, 2012 at 11:47 IST

Why these Gold jwellers should protest at all. Are they going to pay the tax for the governemnt from their profit? No then why they should cry for the people as if "Addu nanaiyuthennu OOOnai azhthatham". Why every one in India doesn't want to pay any tax at all even if they are not personally paying tax. How each and every person expect the Government to do miracles even after the politicians, high officials and traders loot crores and crores of dismal amount of tax that our people are paying. Why these morons of congress should support the demand for the jweller traders instead of supporting the government's rightful taxation. No one is going to starve because of hike in tax on Gold. In fact Gold is the No 2 commodity after oil that drains our hard earned foreign exchange reserve, while our government is dilly dallying to buy even ammunition for our defenses forces . Our Air Force running behind PAF in terms of Modernization. Not even a dime of tax on Gold should be lowered.

from:  soundara rajan
Posted on: Apr 6, 2012 at 11:44 IST

Mr. Pranab Mukerjee should issue a statement saying that Income Tax will go after non paid Taxes by the Jewelers. Then you will see how many Jewelers want to continue the strike. Let them know how much taxes they owe to the country so far. The excise duty will be reduced after collecting the taxes from them.

from:  Diwakar
Posted on: Apr 6, 2012 at 10:56 IST
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