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Udupi, Jewellery shops shut down over additional excise cess

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Udupi, Mar 2: All the jewellery shops in Udupi district closed down their shutters in protest over the budgetary proposal for an additional 1% excise cess.

Gold and diamond traders nationwide are up in arms over this additional 1% excise cess. In keeping with the decisions taken by the national

level traders associations, the local merchants shut down their shutters for three ...

Udupi, Mar 2: All the jewellery shops in Udupi district closed down their shutters in protest over the budgetary proposal for an additional 1% excise cess.

Gold and diamond traders nationwide are up in arms over this additional 1% excise cess. In keeping with the decisions taken by the national-level traders associations, the local merchants shut down their shutters for three days from March 2.

Speaking to konkanconnect.com, an employee of a popular jewellery shop said, "Our business will be affected by additional 1% excise cess. We are closing the shop for three days. If the cess is taken back, we will reopen the shop. I hope the government listens to our views. It is wedding season now. This shutdown will affect both us and customers."

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02-Mar-2016

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