Experts believe the schemes are very much within the definition of 'deposit' but clarity is needed based on intent
Bankruptcies commence, factories stay shut longer
Banks have started stringent third-party inspection, audit and evaluation of collateral jewellery stocks after PNB fraud case
Most jewellery houses have been closed since November 11 in the national capital
This is to also check if shop owners have hoarded money as many people started buying gold since demonetisation
Regulator probing jewellery houses for violation of collective investment scheme rules
Scrap gold sales may be affected, old jewellery to fetch less
To get themselves registered with the central excise department by July 1.
Jewellers' 43-day shutdown forced many artisans to sell vegetables, do menial jobs
The 41-day strike was later called off on assurances from excise dept it would not 'harass' jewellers
He said there was no reason why luxury items should be exempted when the country was moving toward GST
In support of ongoing strike by jewellers, traders in Chandigarh also observed 'bandh' today, closed their shops
Traders have alleged that govt is misleading the jeweller community as there has been no roll back in the proposed hike
Jewellers, bullion traders, artisans have been on strike since March 2 to protest against 1% excise duty on non-silver jewellery
Apart from the revenue loss due to the ongoing strike, analysts see a bigger impact on their profits given the high margins in jewellery business
Govt constituted a panel under former Chief Economic Advisor Ashok Lahri to look into the demands of jewellers
They have also been protesting against mandatory quoting of PAN by customers for transaction of Rs 2 lakh and above
Big jewellers were of the opinion to support central leadership and apex associations, however, smaller associations don't want excise
Coincides with withdrawal of their strike on Jaitley assurances of no harassment or red tape
A three-member committee has been set up to look into issues of jewellers