Gems and jewellery sector seeks cut in gold import duty to 4 per cent

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 per cent to check to smuggle in a big way. In representation, the All India Gem and Jewellery Domestic Council (GJC) said the 10 per cent import duty on … Read more Gems and jewellery sector seeks cut in gold import duty to 4 per cent

Jewellery body urges govt to reduce import duty on cut & polished diamonds

The Gems & Jewellery Export Promotion Council (GJEPC) today said it has urged the government to reduce import duty on cut and polished diamonds announced recently. “We have urged the government to roll back import duty on cut & polished diamonds from 5 per cent to 2.5 per cent. We have also urged the government to review … Read more Jewellery body urges govt to reduce import duty on cut & polished diamonds

Three of Mogya gang that cut women’s legs to steal jewellery arrested

The Tonk police have arrested three people involved in around three dozen cases of murder, theft and loot, said officials on Tuesday. According to the police, the arrested trio belongs to the notorious Mogya gang, which targeted elderly people and would often cut the legs of women in order to decamp with jewellery that they … Read more Three of Mogya gang that cut women’s legs to steal jewellery arrested

KYC threshold expected to be cut for jewellery buying in Budget

In a major blow to the already struggling jewellery sector in India, the government might cut the threshold limit for the requirement of the permanent account number (PAN) or Unique Identity Code (Adhaar Number) in urban, and Kisan Credit Card number in rural areas for jewellery or bullion purchases between Rs 50,000-100,000, post Union Budget … Read more KYC threshold expected to be cut for jewellery buying in Budget