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DIAMOND IMPORT EXEMPTION
Call to extend duty cuts on critical inputs soonIndia is set to decide on extending customs duty relief for critical raw material imports beyond June 30. An inter-ministerial panel will r...- Dubai Gold Rates Today April 28: Check latest prices of 24K, 22K & 18K at iGold, Malabar, Joyalukkas and othersGold prices in Dubai saw a slight decrease on Tuesday, mirroring global bullion market weakness. This dip occurred amidst rising oil prices...
- GST reforms bring big relief to diamonds and jewellery sector: GJEPCThe Gem and Jewellery Export Promotion Council (GJEPC) reports that recent GST reforms offer significant relief to India's diamond and jewe...
- India introduces Diamond Imprest Authorization Scheme to boost exportsThe Diamond Imprest Authorization (DIA) Scheme, effective April 1, 2025, allows duty-free import of natural cut and polished diamonds under...
- Govt weighs junking customs relief in 'Make in India' pushIndia might remove customs duty exemptions on certain imported components such as insulins, rough lab grown diamonds, and materials for LED...
- Customs duty exemptions on 350 items withdrawn to push 'Make in India'A comprehensive review of customs duty exemption on capital goods and project imports undertaken and more than 40 customs exemptions to be ...
- GJEPC seeks reduction in import duty in BudgetThe council has urged to reduce the import duty on gold, silver and platinum from 12.5 per cent to 4 per cent.
- Lower GST on diamond job work, sector cheers over Rs 200-cr export refundThe government's move to slash GST on job work services in diamond trade will help arrest job losses in Gujarat, said industry executives.
- Diamond industry seeks GST waiver on supply of stones meant for exportThe supply to a job worker doesn't attract any GST, but there's a 5% levy on labour for precious stones.
- Diamond industry seeks waiver of GST on supply of stones meant for exportThis comes days after the GST Council created a separate, 3% slab for precious metals and diamonds, giving into industry demands for a lowe...
- GJEPC seeks GST exemption or flat 0.25% rate on labour charges for polished diamondsThe logic is that value-addition done by karigars (labourers) accounts for 70-80% of the value of the polished stone and this could have a ...
- Government should reconsider GST on rough diamonds: GJEPC"It is difficult for gems and jewellery exporters to pay 0.25 per cent and then initiate process for refunds, etc," GJEPC Chairman Praveens...
- Botswana seeks investments from IndiaBotswana has sought investments from India in key sectors like diamond, agriculture, mining, energy, information and communications technol...
- Budget 2014: Gem and jewellery industry show mixed responseThe gem and jewellery industry is upset over finance minister Arun Jaitley’s decision to continue with 10% import duty on gold in the budge...
- Budget 2014: Government rationalises duty on all diamonds at 2.5 per cent"To encourage exports, pre-forms of precious and semi- precious stones are being fully exempted from basic customs duty," Jaitley said.
- Bigger economic crisis if no urgent steps, warns Congress MP in Rajya Sabha"If we do not adopt some of the urgent economic measures, I apprehend that a bigger crisis may be awaiting the country," he said participat...
- Government exempts customs duty on re-import of polished diamondsGovernment exempted the re-import of cut and polished diamonds sent for certification or grading abroad from the 2 per cent basic customs d...
- Budget 2009-10: Real jewelry wears a fake smileYou win some, you lose some. If the budget pleased those with a yen for branded jewelry, increased import duty on gold and silver took a co...
- Diamond exports losing shine on Re rise, US recession fearsIndia's total diamond sales declined to $1.51 billion in 2007 compared to $1.699 billion in 2006. Why buying art is in fashion? | Basics of...
- US slowdown fears take toll on diamond exportsUS slowdown and the rising rupee have left Mumbai’s diamond traders fretting.
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