12 The wedding season began across the country with Ekadashi in November. In India, business worth millions of rupees is done during the wedding season. This season is also very busy for jewelers. But jewelers in Maharashtra are facing a different dilemma these days. Due to the upcoming assembly elections in Maharashtra, jewelers in the state are facing a lot of problems. The All India Gems and Jewelery Domestic Council claims that despite having all the necessary documents, election officials are confiscating their belongings and bank accounts.
Voting will be held in Maharashtra on November 20.
We inform you that voting for the assembly elections will be held in Maharashtra on November 20. In view of the assembly elections, the Election Commission has implemented the Model Code of Conduct in the state from today i.e. October 15. The Election Commission has deployed several flying teams and surveillance teams in the state.
The goods will be returned only once the elections are over.
Sanyam Mehra, president of the National Gems and Jewelery Council of India, said: “We have received clear information from the Election Commission office regarding the movement of goods and we are grateful to them. However, jewelery sellers still face challenges such as having their accounts frozen despite showing all required documents. In such a situation, many types of problems are faced in the business during the wedding season.” Sanyam Mehra said that the assets confiscated by the officials working on the instructions of the Election Commission will be returned only after the elections are over. .
What expectations does the industry have from the government?
Mehra said the gems and jewelery industry is expecting incentives and tax concessions after the formation of the new government in Maharashtra. This is an important sector that provides employment. He said the industry wants concessions in electricity tax with respect to large manufacturing units. Apart from this, our demand is that the limit of unsecured business loans be increased from Rs 2 crore to Rs 5 crore.
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