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The Sankhuwasabha Gold and Silver Business Association has closed gold and silver shops across the district on Thursday in protest against the government's unnecessary tax on gold and silver.
In the new budget, the government imposed a 2 percent luxury tax on gold and 13 percent tax on diamond stones, and 3 dozen businessmen from here protested, demanding that they should be canceled immediately.
Similarly, Janak Paudeli, president of the Sankhuwasabha Gold and Silver Traders Association, has protested by demanding that gold customs should be maintained at 6 percent and that the government should formulate clear policies and regulations for gold and silver trading.
