Jewelry News, Photos, And Movies
The Central Board of Indirect Taxes and Customs is initiating the formation of a panel to handle the concerns raised by the gems and jewelry industry associated to customs clearances. The trade has highlighted issues similar to the lack of valuers, challenges with the hand-carriage of gems and jewelry, and concerns concerning the Remission of Duties or Taxes on Export Products scheme. In November, India’s gem and jewellery exports decreased by four.52% YoY to Rs 19,018.18 crore (USD 2,263.34 million), marking an enchancment from the earlier year. The Gem and Jewellery Export Promotion Council attributes the decline to provide disruptions …
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