The procession, which began at Girish Park and ended at Wellington Square, was attended among others by a large number of jewellers, representatives and owners from West Bengal, Bihar, Assam and Jharkhand.
The Association leaders said that the jewellery industry has suffered a huge loss because of the Centre's decision, affecting two crore people across the country.
"The imposition of excise duty is not only putting the jewellery shop owners at the backfoot but also giving a blow to the poor and hard-working workers of the states who are under huge financial crisis," they said.