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Budget 2024: Fin Min unlikely to lower customs duty on gold, says source

The Gem & Jewellery Export Promotion Council (GJEPC) recently sought a reduction in import duty on Gold Bar (7108) from 15 percent to 4 percent to clear duty blockage worth around Rs 982.16 crore, which could help create more working capital for the industry.
Nirmala Sitharaman Commerce Ministry On Gem Jewellery Export Promotion Council Finance Minister Nirmala Sitharaman Interim Budget Finance Ministry

Budget 2024: GJEPC suggests safe harbour for sale of rough diamonds in Special Notified Zones, ET Retail

Union Budget: The Gem & Jewellery Export Promotion Council (GJEPC) has suggested the introduction of a Safe Harbour Rule for the sale of rough diamonds in Special Notified Zones (SNZs), as well as the implementation of a Diamond Imprest License and a reduction in import duty on cut & polished diamonds. These measures would allow India to become a trading hub like Dubai and Belgium, enabling Indian diamond manufacturers to access trading hubs without traveling abroad.
Sri Lanka Republic Of United Arab Emirates Vipul Shah Foreign Mining Companies Gem Jewellery Export Promotion Council

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diamond manufacturers: Budget 2024: GJEPC suggests safe harbour for sale of rough diamonds in Special Notified Zones

Union Budget: The Gem & Jewellery Export Promotion Council (GJEPC) has suggested the introduction of a Safe Harbour Rule for the sale of rough diamonds in Special Notified Zones (SNZs), as well as the implementation of a Diamond Imprest License and a reduction in import duty on cut & polished diamonds. These measures would allow India to become a trading hub like Dubai and Belgium, enabling Indian diamond manufacturers to access trading hubs without traveling abroad.
United Arab Emirates Republic Of Sri Lanka Vipul Shah Foreign Mining Companies Gem Jewellery Export Promotion Council

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