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'Withdraw VAT hike on jewellery'

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Press Trust Of India Chennai/ Bangalore

Jewellers’ Assocation of Bangalore urged Karnataka Government to withdraw hike in VAT on jewellery from one per cent to two per cent proposed in the 2011-12 budget.

The association in its memorandum to the government said the hike would lead to trade diversion to other neighbouring states like Tamil Nadu, Maharashtra and Andhra Pradesh where jewellery continue to attract one per cent VAT.

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First Published: Mar 14 2011 | 12:07 AM IST

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