Jewellers shut shops for 15th day in New Delhi

November 25, 2016 03:35 pm | Updated 07:27 pm IST - New Delhi,

A jewellery shop wears a deserted look. Jewellery sales have been hit following the demonetisation move by the government. File Photo: V. Ganesan

A jewellery shop wears a deserted look. Jewellery sales have been hit following the demonetisation move by the government. File Photo: V. Ganesan

Gold and jewellery establishments in the national capital remained closed for the 15th day today after the Income Tax Department conducted surveys following reports of alleged profiteering and efforts at tax evasion in the wake of government’s demonetisation move.

The survey operations were carried out on November 10 in at least four locations in Delhi-NCR region, including Dariba Kalan, Chandni Chowk and Karol Bagh.

The government on November 8 announced the demonetisation of 500 and 1,000 rupee notes to flush out black money.

Most of the jewellery houses have been closed since November 11 in the national capital.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.