Budget 2021: Gems and jewellery industry cheer decision to cut import duty on gold, silver
URL copied Budget 2021: Gems and jewellery industry cheer decision to cut import duty on gold, silver The Modi government has announced a cut in the import duty on gold and silver, a move welcomed by the industry as it will bring down prices of precious metals in the domestic market and boost exports of gems and jewellery. Finance Minister Nirmala Sitharaman in her budget speech said that to bring the prices of precious metals closer to previous levels, the government will rationalise customs duty on gold and silver. Gold and silver presently attract a basic customs duty of 12.5 per...
Source: indiatvnews.com