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Diamond merchants Surat India 2015
India Trade Lobbies for Lower Taxes
The Indian diamond industry has urged the government to cut taxes and lift red tape ahead of the country’s annual Union Budget, arguing that exports could double under the right conditions.The Gem...
Financial-Legal Nov 01, 2020 Rapaport News
Rough diamond
Indian E-Tax ‘Doesn’t Apply to Rough Sales’
Rough trading does not incur India’s new e-commerce tax, the country’s Gem and Jewellery Export Promotion Council (GJEPC) confirmed after meeting with finance minister Nirmala Sitharaman.India introduced the equalization levy...
Financial-Legal Aug 27, 2020 Rapaport News
Petra Diamonds Petra 424.89 carat and 209 carat
Petra Diamonds Adds 2% Levy for Indian Clients
Petra Diamonds will charge Indian customers an additional 2% to cover a new e-commerce tax that might apply to the miner’s rough sales.India introduced the equalization levy on April 1, taxing all overseas e-commerce operators’ sales of goods...
Rough Markets Aug 26, 2020 Joshua Freedman
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