GJEPC urges govt to reduce import duty on gold and diamonds ahead of Union Budget. They seek a reduction in import duty on precious metals to 4% and on cut & polished diamonds to 2.5%. GJEPC also demands the reintroduction of the Diamond Imprest Licence and the sale of rough diamonds in Special Notified Zones (SNZs), and expansion of SNZs to include globally recognized diamond broking and trading houses. Furthermore, they recommend the introduction of a mechanism similar to GST refund to maximize benefits from the India-UAE CEPA.
Related Keywords
Dubai , Dubayy , United Arab Emirates , Sri Lanka , Belgium , China , Vietnam , Republic Of , India , Thailand , Vipul Shah , Foreign Mining Companies , Jewellery Export Promotion Council , Union Budget , Diamond Imprest Licence , Special Notified Zones , Safe Harbour Rule , Free Trade Warehousing Zone , Electronic Data Interchange , Import Duty , Diamond Imprest License , Gem Amp Jewellery , Gold , Polished Diamonds , Gjepc , Duty Cuts , Budget 2024 ,
vimarsana.com © 2020. All Rights Reserved.