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Business

Explained: Why Gold Traders Are on Strike

By - A Staff Writer | 15 March 2016 12:55 PM GMT

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The protest by gold and jewellery traders entered the 14th day today even as Finance Minister Arun Jaitley rejected demands for rollback of one per cent excise duty on non-silver jewellery. Jewellers across the country have been protesting against the proposed excise duty on non-silver jewellery items as well as mandatory quoting of PAN by customers for transaction of Rs 2 lakh and above.