Traders want easing of cash seizure rules in poll-bound Guj

The Commission, as part of the enforcement of the model code of conduct, had recently ordered that all cash in excess of Rs 2.5 lakh found being transported be seized until the money has been accounted for.

"We have so far intercepted Rs 1.43 crore in 12 cases across Gujarat. Out of this, Rs 1.41 crore has been returned because it was accounted money. Just Rs 2.90 lakh so far is unaccounted, which has been seized," said state chief election officer Anita Karwal.

However, expressing concern, Ahmedabad Jewellers' Association president Shantibhai Patel said "as the festival season is nearing, business people are bound to carry cash with them, more so, if individuals from outside the state are touring Gujarat. In this time, Rs 2.5 lakh is a very small amount."

"Consumption is already low, economic situation is worrisome and there is already a crisis of confidence. In this situation, the Commission should take into consideration the Gujarat retail business where many prefer cash transactions," said ASSOCHAM Gujarat Council chairperson Bhagyesh Soneji.

She also said ASSOCHAM was planing to submit a memorandum to Chief Election Commissioner V S Sampath in New Delhi in this regard.

Gujarat Chamber of Commerce and Industry (GCCI) has also written a letter to EC saying its action was affecting retail business in festival season. MORE