According to media reports, the country's jewellers late Saturday decided to end their 18-day strike after they received government assurance that the excise department will not harass them for the collection of a proposed excise duty on non-silver jewellery.
After the announcement of a proposed one per cent excise duty on non-silver jewellery, more than 3 lakh jewellers from over 300 associations had kept their shops and establishments closed across the nation since March 2. Check gold rates here
Jewellers have also been protesting against the mandatory quoting of PAN by customers for transactions of Rs 2 lakh and above.
"It (excise duty) has not been rolled back but our grievances have been taken care of. The Finance Minister has assured us that there will be no 'inspector raj' and we are hopeful of getting a notification in this regard. After long deliberations, all associations agreed to call off the stir," GJF Chairman Sreedhar GV told PTI.