Friday 29 April 2016

Reader’s Response : Excise duty cripples industry

Threat to organised players 

By imposing excise duty and making PAN Card rule mandatory, black money generation will not stop, in fact it will increase. The negative steps taken by the government will encourage business of gold smugglers and it will wipe out the organised businesses within the industry. Government should take concrete measures to curb black money.

Abdul Majid Motiwala
Partner, Omarsons Jewellers,
Mumbai

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