Demonetisation: Jewellers shut shops for 5th day after alleged tax evasion

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

Bs_logoDemonetisation: Jewellers shut shops for 5th day after tax evasion
Gold bracelets are on display as a woman (L) makes choices at a jewellery showroom on the occasion of Akshaya Tritiya, a major gold buying festival, in Kolkata
Press Trust of India New Delhi
Last Updated : Nov 15 2016 | 3:19 PM IST
Gold and jewellery establishments in the national capital remained closed for the 5th day on Tuesday 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.

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.

According to the sources, the officials of Directorate General of Central Excise Intelligence (DGCEI), an arm under the Finance Ministry, has sent notices to these jewellers seeking details of the gold sales.

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First Published: Nov 15 2016 | 3:18 PM IST