Currency Ban: Jewellers stay closed for seventh day in a row

Currency Ban: Jewellers stay closed for seventh day in a row

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Gold and jewellery establishments in the national capital remained closed for the seventh day today after the Income Tax Department conducted surveys following reports of alleged profiteering and tax evasion by traders and other operators in reported conversion of demonetised notes.

Currency Ban: Jewellers remained closed for seventh day in a row
The shops remained closed after the Income Tax Department conducted surveys following reports of alleged profiteering and tax evasion

The survey operations were carried out on November 10 in at least four locations in Delhi-NCR region, including Dariba Kalan, Chandni Chowk and Karol Bagh.]

Most jewellery houses have been closed since November 11 in the national capital.

The government last week demonetised high denomination of Rs 500 and Rs 1,000 currency notes to flush out black money.