Election officials are seizing jewelers’ goods and bank accounts, businessmen are in big trouble amidst weddings

With Ekadashi on November 12, the wedding season has begun across the country. In India, business worth lakhs of crores of rupees takes place during the wedding season. This season is also very busy for jewelers. But jewelers of Maharashtra are facing a different dilemma these days. Due to the assembly elections in Maharashtra, jewelers of the state are facing many problems. The All India Gems and Jewelry Domestic Council claims that despite having all the necessary documents, election officials are confiscating their goods and bank accounts.

Voting will be held in Maharashtra on November 20

Let us tell you that voting for the assembly elections is to be held in Maharashtra on November 20. Given 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 many flying squads and surveillance teams in the state.

The goods will be returned only after the elections are over. 

All India Gem and Jewellery Domestic Council Chairman Sanyam Mehra said, “We have received clear information from the Election Commission office about the movement of goods and we are grateful to them. However, jewelers are still facing challenges like their accounts being frozen despite showing all the necessary documents. In such a situation, there are many problems in business during the wedding season. Sanyam Mehra said that the goods seized by the officials working on the instructions of the Election Commission will be returned only after the elections are over.

What is the industry expecting from the government?

Mehra said that the gems and jewelry industry is expecting incentives and tax concessions after the formation of the new government in Maharashtra. This is a major employment sector. He said that the industry wants a concession in electricity charges concerning large manufacturing units. Apart from this, our demand is that the limit of guarantee-free business loans should be increased from Rs 2 crore to Rs 5 crore.