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India Extends Deadline for Duty-Free Reimports
The Indian government has granted diamond companies extra time to ship polished goods back to the country without incurring customs duty.At present, reimports are subject to the 7.5% levy once the diamonds have...
Polished Markets Jul 12, 2020 Rapaport News
Polished diamond
India Trade Calls for Lower Import Tax
India’s diamond sector has asked the government to reduce import duties for polished, arguing that a lower rate would boost the country’s position as a trading hub.The Gem & Jewellery Export Promotion Council (GJEPC)...
Polished Markets Jul 08, 2020 Rapaport News
Israel Extends Tax-Free Inspection Period
Israeli authorities have lengthened the amount of time dealers can spendinspecting polished diamonds without paying a 0.1% import duty. Diamond controller Danny Tal, Israel’s regulator for theindustry, will now allow companies up to 30 days...
Financial-Legal Apr 25, 2018 Rapaport News
GJEPC Predicts Strong Year for Jewelry 150
GJEPC Predicts Strong Year for Jewelry
India’s gem and jewelry exports will grow by adouble-digit percentage this year, Pramod Agrawal, the newly elected chairman ofthe Gem & Jewellery Export Promotion Council (GJEPC), predicted this week. The high...
Polished Markets Feb 13, 2018 David Brough
Polished Diamonds
India to Raise Polished Diamond Import Duty, Report Says
The government of India plans to raise the import duty on cut and polished diamonds to 5 percent from the existing 2 percent tax, according to Business Standard.The duty hike, which is expected to be announced this week, is being implemented...
Polished Markets Oct 27, 2013 Deena Taylor
Gold Bars
RBI Panel Suggests More Curbs on Gold Imports
A panel created by the Reserve Bank of India (RBI) to study issues related to gold has recommended measures such as introducing new gold-backed financial products, designing inflation indexed bonds and prohibiting bank finance for purchases...
Financial-Legal Feb 07, 2013 Dilipp S Nag
Gold Bars
Higher Import Duty to Increase Gold Smuggling in India
, The increased gold import duty imposed by India's government may lead to more smuggling activity, but the tax is unlikely to have much of an impact on consumer demand in the world's largest gold market, industry observers said....
Financial-Legal Jan 22, 2013 Dilipp S Nag
Gold Bars
India Raises Gold Import Duty to 6%
India increased the import duty on gold to 6 percent from 4 percent effective immediately to discourage the demand for gold, which is one of the key contributors to the country's large current account deficit. The government also...
Financial-Legal Jan 21, 2013 Dilipp S Nag
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