Zari saris to become expensive
posted on Mar 21, 2016 @ 3:44PM
No one.. not even Arun Jaitley has mentioned it. But the 1% imposition of Customs duty on gold is certainly going to affect many products that use gold. One of them being the saris that were made of Zari. Hereafter, traditional zari saris such as Kanchi pattu and Mysore silks are going to be costlier. Agencies like the Karnataka Silk Industries Corporation (KSIC), were expecting a steep rise in their production charges. KSIC alone is expected to incur 35 lakhs extra, for paying the customs duty. Even as the Gold Jewellers has gone for an 18 day strike that ended today, government has not stepped back from its decision on customs duty. So, get ready to pay that 1% extra even on zari saris!