Government Imposes Restrictions on Gold Jewellery and Parts Imports Amid Unusual Surge
In response to a significant increase in gold jewellery and parts imports, the Commerce and Industry Ministry has imposed immediate restrictions, as indicated by a recent notification from the Directorate General of Foreign Trade (DGFT)
GJC seeks reduction of import duty on gold to 4%
The gem and jewellery industry has sought reduction in customs duty on gold to four per cent, withdrawal of tax collected at source (TCS), cut in import duty on polished precious and semi-precious gemstones, in the upcoming Union Budget 2021-22
Gem And Jewellery Exports Industry An Example Of Aatmanirbhar Bharat And Vocal For Local
The Gem and Jewellery Export Promotion Council (GJEPC) proposes several measures like reduction in cut and polished diamonds to 2.5%, reduction in import duty of gold and other precious metals to 4%, Technology Upgradation Fund (TUF) Scheme for G&J industry; need for additional Common Facility Centres (CFCs) and many more to strengthen the gems and jewellery export sector
Get GST Ready-GST Compliance
Amongst everything that concerns GST, compliance and registration are very important. Here,Indian Jeweller is trying to help you with few important points to keep in mind.
GJF urges Govt to levy 1.25% GST on Jewellery Sector
GJF urged the government to levy 1.25 per cent Goods and Service Tax (GST) on the industry as against the proposed four per cent.
GJF & industry delegates submits GST representation to the Bihar Finance Minister Abdul Bari Siddiqui & Commercial Tax Minister Bijendra Prasad Yadav
All India Gems & Jewellery Trade Federation seeks GST of 1.25 per cent for the gems & jewellery sector
MBJ lines up a special range of jewellery to celebrate Valentine's Day
This unique collection starting at Rs 2,60,000 onwards and is available across MBJ stores in Delhi, Kolkata and Jaipur.
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