Business Standard

Delhi gold trading hub in Chandni Chowk dazed, confused over municipal tax

Municipal corporation tells jewellers their shops will be sealed on July 2 because they haven't paid conversion tax.


A jewellery shop in Chandni Chowk's Kucha Mahajani. The trading hub is battling a tax notice from the municipality.

Bhaswar Kumar New Delhi
The entrance to Chandni Chowk's Kucha Mahajani can be easily missed and it reveals nothing about what lies inside: one of the biggest gold trading hubs in Delhi.

The lane and smaller lanes can leave visitors confused. Nowadays, however, Kucha Mahajani's jewellers and bullion merchants are confused about a notice issued by the North Delhi Municipal Corporation informing them that their shops will be sealed on July 2, 2019, if they have not paid it conversion or misuse charges. 

Around 80 properties were surveyed and will now be sealed in the first phase, leaving thousands of traders worried. Some traders
Topics : Jewellers

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First Published: Jun 28 2019 | 10:55 PM IST

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