Gold Silver Reports ~ Jewelers in India, the world’s 2nd-biggest gold consumer, ended a strike to protest against a new tax announced in the budget after the government assured them the charges won’t lead to harassment by authorities.
Excise Tax
Jewelers Shops Close in Mumbai’s Zaveri Bazaar, Excise Tax Protest
Gold Silver Reports – Jewelry shops across India, the world’s biggest market after China, will shutter for three days starting Wednesday in a bid to reverse plans by Prime Minister Narendra Modi to impose a 1 percent excise duty, according to the All India Gems & Jewellery Trade Federation.