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 →
During the January to April 2017 period, cotton imports by the USA surged marginally in volume terms by 0.1 per cent on Y-o-Y basis. Whereas, particularly in April it plunged by 0.6 per cent. It may be noted here the total cotton imports include imports of cotton yarn, cotton fabrics, cotton made-ups and cotton apparels. … Read More →
Goods and services tax (GST) of 3 per cent on gold will open a window for cheap jewellery imports from Indonesia and South Korea from July 1. Now, a 12.5 per cent countervailing duty is charged on imports of such jewellery from countries with which India has free trade agreements (FTAs). As excise duty … Read More →