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Demonetisation: Jewellers in NCR remain shut for 13th day after I-T survey

News Agencies | First published: 23 November 2016, 15:37 IST
Demonetisation: Jewellers in NCR remain shut for 13th day after I-T survey
Photo: Getty Images

Gold and jewellery establishments in the national capital remained closed for the 13th day on 23 November after the Income Tax Department conducted surveys following reports of alleged profiteering and tax evasion by traders through demonetised notes.

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

The government on 8 November announced the demonetisation of Rs 500 and Rs 1,000 notes to flush out black money.

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

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

-PTI

First published: 23 November 2016, 15:37 IST
 
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