Jewellery demand rises ahead of expected GST hike as gold prices moderate
Domestic gold prices have declined 3.6 per cent since its peak of Rs 39,031/10g on September 4, taking cue from global prices
Indian jewellery industry in recession, job losses likely: GJC
In Union Budget 2019-20, gold import duty was raised to 12.50 percent to 10 percent while GST on jewellery was fixed at 3 percent as compared to 1 percent under the previous tax regime
Jaipur based jewellers unhappy with gold import duty hike
The customs duty on gold has been increased. There’s already provision of 3 per cent GST. The customers now need to shell out 15.5 per cent extra on buying gold, which is quite high
Gem & Jewellery industry disappointed with increase in import duty on Gold and precious metals: GJEPC
With cost of doing business going up, export competitiveness will go down; Indian exporters will lose business to neighbouring countries resulting in job losses
Titan, PC Jeweller stocks dip as FM announces hike in gold import duty
The existing import duty on gold is 10 percent which is now revised to 12.5 percent
Budget 2019: Gold import duty increased to 12.5% from 10%; Gems and Jewellery industry shocked
To discourage cash payments, the finance minister has proposed a TDS of 2% on cash withdrawals exceeding ₹1 crore in a year from a bank account
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
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