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Gold traders call off strike

Staff Correspondent
Tfade of bullion, gold, jewels and stones has been carrying out in the country without any rules and regulations, allowing traders not to maintain any documents allegedly to evade taxes.
The traders however demanded enactment of rules and regulations in their business. Their demand came following arrest of eight bullion traders and seizure of 660 tolas of gold by Rapid Action Battalion (Rab) at five bullion shops inTantibazar on March 5.
Sources said bullion traders yesterday appealed to the deputy commissioner (DC) of Dhaka In this regard and demanded release of the arrestees and return of the seized gold.
The traders who were on a strike since March 6 in protest against the arrest called off the strike last night
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on assurance of the DC.
Bangladesh Jewellers Sammity president MA Wadud Khan told The Daily Star, "We have been demanding for long that the government introduce rules and regulations for the business. But neither the commerce ministry nor the National Board of Revenue did anything in this regard."
Habibur Rahman Kawsar, presi-dent of Bangladesh Podder Sammity, said, "Following assurance from the DC, we have withdrawn the strike and decided to keep open our trading houses from Monday."
Replying to a question, he said, "The statement of the Rab official is not true as we always pay taxes."
DC Kamal Uddin Ahmed told The Daily Star: "I have talked with the traders and assured them of no morearrest and harassment."
Flight Lt Humayun Kabir of Rab-10. who had led theTantibazar drive, told The Daily Star: "It's not true that there is no rules and regulations in their business. In the licence, there are some conditions and criteria but none of the traders follows those."
“They have no monthly statement and don't maintain any documents to dodge taxes. No-one of them could show the sources of their gold.
"All the traders in the area do business in such a way. We conducted drives only on five shops to recover illegal gold. If drives are conducted, illegal gold would be found at all the shops."
There are several hundred traders of gold, bullion, jewels, and stones in the old town.
The eight traders were handed over to Kotwali police and five separate cases were filed in this connection.