Drops 14 per cent to $2.84 billion in August 2019. Gems and jewellery exports continued its downtrend registering a fall of 14 per cent in August to $2.84 billion against $3.32 billion logged in the same period last year. In rupee terms, exports were down 12 per cent to ₹ 20,242 crore (₹ 23,077 crore). The hike in … Read More →
Mumbai: On the onset of the Union Budget for 2019-20, the gems and jewellery sector has unanimously sought a reduction of gold import duty to 4 percent to check smuggling in a big way. In a representation, the All India Gem and Jewellery Domestic Council (GJC) said the 10 percent import duty on gold was levied … Read More →
On the onset of the Union Budgetfor 2019-20, the gems and jewellery sector has unanimously sought reduction of gold import duty to 4 percent to check smuggling in a big way. In a representation, the All India Gem and Jewellery Domestic Council (GJC) said the 10 percent import duty on gold was levied to curb current … Read More →
In a landmark move, Japanese travel retailer Fa-So-La Duty Free is set to open arrivals duty free shops at Tokyo Narita International Airport terminals 1,2 and 3. Currently under construction, two shops – Fa-So-La Arrival Duty Free North and Fa-So-La Arrival Duty Free South – will open in Terminal 2 in early September, with further … Read More →
The government’s decision to exempt small scale jewellers from excise duty will give a boost to the trade, the gems and jewellery industry said on Thursday. “On behalf of GJF, we appreciate the government’s support towards the gems and jewellery industry. This will boost the trade as the industry was eagerly awaiting the clarifications on the levy of excise duty,” … Read More →
Government in Rajya Sabha today refused to budge from its stance on levying one per cent excise duty on non-silver jewellery saying luxury items cannot be kept out of tax ambit for perpetuity, prompting a walk-out by members of the Congress and SP. Tearing into the opposition charge that imposition of the levy was killing the trade, Finance Minister Arun Jaitley refuted … Read More →
As jewellers strike continues against excise duty imposition, a lot of work in the city has been shifted underground to meet the lucrative wedding season demand. According to a jeweller, who requested anonymity, there is no dearth of work for workers and designers, who are busy making ornaments as demand peaks ahead of the wedding … Read More →