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New gold policy soon; aims to promote yellow metal, jewellery exports: Govt
The domestic industry has demanded a cut in import duty on gold to 4% from the current 10%
Union Budget Favourable for Gold but Detrimental for the Diamond & Gemstone Industry Owing to Doubling of Customs Duty to 5 Per Cent
While announcements for gold seemed positive, the industry mourns the Government’s decision to increase customs duty to 5 per cent on polished diamonds as well as gemstones.
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