Gems and Jewellery Export Promotion Council has urged the government to reduce import duty on gold to 4% from 7.5% and a special package for the sector in the forthcoming Budget
Budget 2022: Gems and Jewellery Export Promotion Council (GJEPC) has urged the government to reduce import duty on gold to 4 per cent from 7.5 per cent and a special package for the sector in the forthcoming Budget to boost shipments.
As part of its pre-Budget recommendations, the council has also suggested a reduction in the import duty on cut and polished diamonds; cut and polished precious and semi-precious gemstones from 7.5 per cent to...read more