No black money
Excise duty will not eliminate black money. There is a misconception that a lot of black money is involved in
jewellery. Jewellery generally has a mark-up of 10-15 per cent and hence would not attract black money. They have already applied the PAN card rule then why excise duty?
Ankush Jain
Proprietor, Ankush Jewellers
Vishakapatnam
Excise duty will not eliminate black money. There is a misconception that a lot of black money is involved in
jewellery. Jewellery generally has a mark-up of 10-15 per cent and hence would not attract black money. They have already applied the PAN card rule then why excise duty?
Ankush Jain
Proprietor, Ankush Jewellers
Vishakapatnam
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