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Saptari's gold and silver businessmen have also protested with six demands, including the cancellation of the two percent luxury tax imposed on gold and gold jewellery. On Thursday, they held a press conference in Rajviraj and informed about the protest.
Narayan Ranjan, president of Saptari Sunchandi Udyog Business Association, said that when the luxury tax was implemented, the businessmen would have to pay up to 19%, adding 13%. "In that case, the rate of gold and the rate shown on the bill will also be different," he said.
They have demanded that the value added tax implemented on diamond-gem jewelry should be reconsidered and canceled immediately, and laws, rules and policies should be created to promote gold and silver business in the long term. .
Similarly, before changing the tax structure, the tax scope should be increased only after a detailed study of the far-reaching effects on the existing business, employment and market, and they also demand that the customs rate should be maintained at 6 percent in Nepal as well as in neighboring India.
They protested by demanding that there should be an internationally recognized delivery system for quality certification according to the world market and that the system of charging 2.5% TDS on export shipments should be abolished .
