All India Gem & Jewellery Council Seeks Customs Duty Reduction in Pre-Budget Recommendations
The All India Gem & Jewellery Domestic Council advocates for a reduction in customs duties, presenting crucial pre-budget recommendations
GJC seeks reduction of GST on jewellery to 1.25% from 3%
GJC has also urged the Finance Minister to raise the PAN card limit from Rs 2 lakh to Rs 5 lakh, citing that many households in rural India do not hold PAN
CBDT raids Jaipur-based jewellery group
Around 50 premises were searched by the department during the raids launched on November 23
G & J Exports Witness Growth Of 16.63% To US$ 3369.65 Million In April 2021 As Compared To US$ 2889.12 Million In April 2019, Pre Pandemic Year
- * GJEPC Seeks Support From Govt To Continue Momentum Of Gem & Jewellery Exports
- * Achieved Over The Last Few Months
- * International markets are open and demand for G&J has started to come back
- * However domestic challenges due to Covid-19 second wave are hurdles in first half of the year
GJEPC Seeks Additional Govt. Relief As Second Wave of Covid Hits the Industry
GJEPC is seeking further assistance from the Government of India to tide over the challenges arising from the outbreak of the deadly second wave of Covid-19 in India
Gems & Jewellery Export Promotion Council Suggests Changes To Gold Deposit Scheme To Make It More Attractive
The Gems and Jewellery Export Promotion Council has proposed changes in the revamped gold deposit scheme
GJEPC recommends reduction in import duty & other policy changes for the forthcoming budget
5 million people work in the G&J industry that is worth $40 billion and contributes around 7 per cent to our nation’s GDP
GJC seeks meeting with IBA regarding liquidity crunch in Gems and Jewellery industry
GJC wants the bankers not to treat the gems and jewellery companies as a sector but take up the loan applications on case to case basis
Jewellery to Become Cheaper as TCS to be Excluded in Computing GST
The CBDT has clarified that TCS is not a tax on goods but an interim levy on the possible "income" arising from the sale of goods by the buyer and to be adjusted against the final income-tax liability.
Punjab Jewellers owner convicted for stashing away Rs 92 lakh in his Swiss Bank account
Raju Verma prosecuted by CJM court Dehradun following a complaint against him by the IT department.
Buying jewellery over Rs. 2 lakh in cash to attract 1% tax from April 1
Once the Finance Bill 2017 is passed, jewellery will be treated on par with general goods which attract 1 per cent TCS on cash purchase of above Rs. 2 lakh.
Budget 2017: pay tax on jewellery receipt in undervalued
Taking a stance of 'no news is good news' jewellers today hailed the Union Budget, saying the focus on digitalisation is going to give an impetus to the sector and drive consumption.
Bikaneri Jewels' launches their first flagship store at Turner Road
Bikaneri Jewels exclusively creates and delivers Jadau, Kundan and Polki Jewellery for their niche clients.
Aaron Shum Jewelry, in collaboration with Palladium Alliance International and Swarovski GemsTM announced the launch of first-ever Palladium Collection.
This collection will prove to be a page-turner in the 'everyday-luxury' jewels segment, with the combination of purely white precious metal and striking gems from Swarovski GemsTM.
VN Jewellers launches new collection
The collection focuses on rare pearls and precious gemstones...
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