Union Budget 2025: Customs Duty on Gold Imports Remains Unchanged at 6%
The Union Budget 2025-26 brings relief and strategic reforms for the jewellery sector. While the customs duty on gold remains steady at 6%, key changes include new tariff classifications for gold and silver, along with significant duty cuts on platinum findings and jewellery components
Budget 2024-25 a recipe for growth, industry leaders say
Finance Minister Nirmala Sitharaman’s Budget has been hailed by the gems and jewellery industry, with stakeholders calling the duty cuts a long-awaited step in the right direction
Gold Prices Rise, Deter Buyers in India and China
In India, anticipation of potential import duty cuts in the upcoming budget adds further complexity to market dynamics, while in China, retail and wholesale demand reflect the strain of elevated prices
GJEPC asks for duty cuts in its Budget proposals to Government
Some of the major aspects of budget representation are duty cuts primarily for gold, cut and polished diamonds, precious and semi-precious gemstones
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
Petra Diamonds releases unaudited sales and production figures
The company achieved its goal of reaching a production of over 1 million carats in the year
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