The All India Gem & Jewellery Domestic Council advocates for a reduction in customs duties, presenting crucial pre-budget recommendations

In her Budget speech, the Finance Minister said that customs duty on cut and polished diamonds and gemstones would be reduced to 5% from the existing 7.5%

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

Senco launches its DG Gold transaction platform

GJEPC had jointly organized an informative webinar along with top officials of the Income Tax Department on 28th August

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

Reatil Rulebook

The report said, during the first quarter of 2018, sales of platinum jewellery logged 25 per cent retail sales growth in India.

It’s been a year since the demonetization decided to implement demonetization. Hers’s a look at what worked and what didn’t.

No PAN card required for jewellery purchase of over Rs. 50,000

GJF  COA installation ceremony was graced by Ajay Sancheti, Hon. Member of Parliament (Rajya Sabha) and Dr. Vedprakash Mishra.

Gold demand in the country has suffered drastic downfall by 21 per cent mainly because of demonetization.

Income tax for small companies with an annual turnover of Rs 50 crore, now to pay 25%, a 5% reduction; 96% Indian companies will get benefit of MSME tax cut.

The recommendations include increasing PAN card limit at Rs. 5 lakh and above, GST at 1.25 per cent, etc.