Anti evasion wing of Mumbai Central GST busts major illegal gold movement channel
“The customs and GST officials have raised their drive to curb evasion of import duty or of the GST,” said a government official speaking on anonymity. India imports 700-800 tonnes of gold on average each year. After the UPA government raised the duty in stages from 2% to 10% in 2013 to check a ballooning current account deficit, smuggling reared its head.
Hallmarking of gold jewellery mandatory now. Here's what you need to know
The way you buy gold changed from January 15 as hallmarking has now...
Dandy & decadent Dior: Fashion brand goes English aristo chic in Paris men's show
Jones dedicated the show to his friend Judy Blame, the Brit...
GJC seeks reduction in gold import duty in the upcoming Union budget
Mr. Shaankar Sen, Vice Chairman, GJC, said, “The high import duty on Gold has increased socio-economic menace in the country in the form of smuggling of alarming proportions and the re-emergence of unorganized/illegal channels for procuring gold.
Govt notifies mandatory gold hallmarking; WGC welcomes move
As per the notification, only a registered jewellers will be allowed to sell the hallmarked gold articles through certified sales outlets.
What I want from Budget 2020: Reduction in import duty on gold; single-window process to simplify approvals for new businesses
Melorra boss Saroja Yeramilli wants the FM to extend exemption from Capital Gain to the gems and jewellery sector.
Hallmarking now a must for gold jewellers
The rule is mandatory from today but jewellers get a year's time to register with BIS, clear their old stock.
Divine Solitaires enters into e-commerce space
A growing interest and the preference of millennials and the GenZ to shop luxury and lifestyle goods online has resulted in an upward moving market trend in India.
Francesca Cartier to appear at Jaipur Lit Fest, will share family tales
Francesca’s grandfather was the last of the family to manage and own a branch of the jewellery firm.
Gold traders turn upbeat as wedding season begins
Even the price sensitive eastern market is witnessing a positive sentiment among consumers.
Trade deal hopes may aid diamond exports
Cut and polished diamond exports in December 2019 declined by 3.92 per cent to Rs. 8926.58 crore.
Gems & jewellery eyes new markets
Exports of gems and jewellery fell 4.66 per cent year-on-year in April-November 2019 and the trend is likely to persist in the rest of the current fiscal.
Did Nirmala Sitharaman's last Budget leave you rich or poor? A recap
For those with taxable income of Rs 2-5 crore, the surcharge stands increased from 15% to 25%, which means an effective tax rate of 39% as opposed to 35.9%.
Boby Chemmanur group to invest Rs 250 crore in helicopter taxi service
The group will acquire ten helicopters on wet lease in phases to ferry people to tourist destinations.
Gold demand falls 30% in last six months: GJC
All India Gems and Jewellery Domestic Council Chairman Anantha Padmanabhan said business has come down by 30 per cent volume wise in last six months and workshops were not engaged while some were shutting down operations.
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