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| All India Gem & Jewelry Trade Federation |
Key highlights of the budget that directly affect the business of jewelers all over the country :
- Excise Duty imposed on all jewelry, not just branded jewelry (as was passed in last budget)
- 2% Custom Duty imposed on Precious Gemstone (Rubies, Emeralds, Diamonds & Sapphires) as well as semi-precious gemstone.
- Consumer Tax imposed on jewelry items.
- Import duties increased (almost doubled) on Platinum, Gold & Silver.
In support of GJF (as a member & a jeweler) our stores in Jaipur shall remain closed till March 19, 2012.
If you are an Indian jeweler & reading this, GJF requests you to close your store on March 17, 18 & March 19, 2012 so the Government may rollback the proposed duties.
I apologize for the inconvenience caused to our customers, but it is important for these duties to be rolled back for the welfare & growth of the gem & jewelry industry in India.
Sambhav Karnawat
JeweloveTM
Posts
31 comments:
SAKET(Faizabad)SARRAFA ASSOCIATION organising candle march today in Faizabad(U.P.) from Chowk at 6:00pm against Fin.Budget2012.
JAGDALPUR (c.g) Sarafa association organised a candle march today and organised a realy and protest in which M.p of bastar and Bastar chamber of commerce president and its member joined the candle march.
From, Nadiad Choksi Mahajan Association. We had done BIKE RALLY on the 20th March 2012 at 12 pm. And on 23rd March we had done CANDLE MARCH at 7 pm. now on 24th March we are doing HUNGER STRIKE agaist Govt.'s Excise Duty tax...
y no
protest in karnnataka?
Hello Santhu
There is protest all over India, including Karnataka. In fact our former GJF Chairman is also from Bangalore.In fact, over 20,000 jewelers are on a hunger strike today!
http://blog.jewelove.in/2012/03/jewelers-on-hunger-strike-at-jantar.html
kotkapura (dist-faridkot ) ( punjab ) jewellers orgnise candle march at 6 pm with all jewellers and karigar
sarafa asosiation hinganghat call bemudat band &organising candal march & bike rally karanja chouk today 5pm
KALYAN gold market is open
RAJKOT: today we do maha bike relly in rajkot.28.3.2012. our strike is cont.......
RAHUL BARMAN: every jewellers is going for strike from last few days but here in durgapur no one is doing anything to support you. please do something.
durgapur is not going for strike from last 8 days. they are not supporting us.
there is protest all over india including arrah in fact our former gjf chairman is also from bhojpur all jewellers are on a hunger strike .agaist govt.s excise duty tax.
bhgalpur...strike...continw last 2 days...2mmr....in bhagalpur...pple..doing BHUKHARTAL....
HARISH KADEL
BHAGALPUR
BIHAR
Patliputra sarafa sangh,PATNA, BIHAR had organized a candle march on 29th Mar,2012 protesting against Excise Duty and Consumer Tax.
Thank you for the update Mr. Vikas. Please let me know the latest updates from Jagdalpur on this strike.
P.S. : The Government is expected to roll back the duties in the 1st week of April.
Thank you for the update Mr. Hrishikesh. Please let me know the latest updates from Jagdalpur on this strike.
P.S. : Let us continue our effort until the duties are rolled back.
Thanks for the update! Even complete Gem & Jewelry business in Jaipur is closed in protest.
Please update me on any new happenings at your end.
P.S. : Let us not relax now but continue our effort until the duties are rolled back.
I do not believe so because I received a confirmation message from GJF saying that the Kalyan Association is also on Strike.
That is good.
Please update me on any new doings at your end.
P.S. : Let us not relax now but continue our effort until the duties are rolled back.
I am not sure because most of the jewelers in the country are on strike. But if those in your locality are not, we cannot help it, they are just looking at their selfish reasons rather than the good of (their own) & the jewelry community at large.
That is sad. How can people be so selfish?
How did it go?
kalyan gold association is decide all gold shop colsed 31 march thanks
Indian jewellers end strike after government delays gold tax
Sunday, April 1, 2012
By SWANSY AFONSO, Bloomberg
MUMBAI — Jewellers in India, the world’s biggest bullion buyer,
plan to suspend the longest nationwide strike after the
government said that it will delay the implementation of an
increase in excise duty on non-branded ornaments.
“We have appealed to our members to open shops from April 2
after the government assured us that no jeweller will be forced to
register to pay excise duty,” said Bachhraj Bamalwa, chairman of
the All India Gems & Jewellery Trade Federation. “The finance
ministry has written to us saying that no coercive action will be
taken.”
but here no information so wt we do ??
we arrange "rasta roko aandolan " tomorow in gujrat...
please update your comments also in facebook group. india against gold excise duty
Home » City
Kishangarh MLA slaps jeweller
TNN | Apr 3, 2012, 06.10AM IST
JAIPUR: Kishangarh MLA Nathu Ram
Sinodiya allegedly slapped a jeweller on
Monday when gold traders went to hand
over a memorandum to Minister of state
for IT and communications Sachin Pilot in
the Madanganj area in Ajmer.
"Our members had gone to apprise the
minister about the dismal condition, and
this is how we were treated," said Kailash
Mittal, a member of the Sarafa Traders
Committee. The group finally could not
submit the memorandum to Pilot.
To protest against the incident, the traders
in the city have decided the burn the MLA's
effigy at Badi Chaupar on Tuesday. "We
have unanimously decided to burn the
effigy of the MLA, and gherao all the MPs in
the state on Wednesday at their respective
residences," added Mittal.
The jewellers strike against the hike in
import duty on gold entered 17th day. "We
can't afford to have more taxes levied on
us, especially excise duty," said BK Garg of
Garg Jewellers.
sir
i am amit from patna and thats the end of 17th day strike in patna.plz send to us all update about strike at amitkumarndjw@gmail.com thanx
Hello Mr. Amit
You can subscribe at http://blog.jewelove.in/2012/03/gjf-jewelers-strike-india-17-18-19.html#Subscribe or http://eepurl.com/fBwv2
sir
i am amit from patna and thats the end of 17th day strike in patna.plz send to us all update about strike at amitkumarndjw@gmail.com thanx
Thanks for the update! Even complete Gem & Jewelry business in Jaipur is closed in protest.
Please update me on any new happenings at your end.
P.S. : Let us not relax now but continue our effort until the duties are rolled back.
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