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Gems, jewellery urges govt to reduce gold duty to 4%

Looking to give a positive push to the gems and jewellery sector, the industry body for gems has urged the government to reduce the import duty on gold to 4 percent and also address issues under the GST regime in the coming Budget.”Lowering the duty to 4 percent from 10 percent will not only boost customer demand and uplift business sentiment for the trade, but also help industry become more organised and compliant,” All India Gems and Jewellery Trade Federation (GJF) chairman Nitin Khandelwal said in the representation to the government.
Source: Latest News

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