LUDHIANA: The recent raid conducted by the Directorate of Revenue Intelligence (DRI) and STF Punjab on a jeweller’s shop at Sarafan Bazaar has led to much...
DUBAI: Jewellery retailers are hoping gold prices in the UAE will retain the 15 per cent lower cost advantage over Indian retail rates after tomorrow’s presentation...
The Indian jewellery segment hopes that Finance Minister Nirmala Sitaraman will reduce customs duty on gold in the upcoming Union Budget 2023-24, at a time when...
India needs a robust gold policy which will rationalise gold import duty to curb gold smuggling, boost exports of gems and jewellery and empower organised jewellery...
MUMBAI/NEW DELHI: India’s gold imports in December plunged 79% from a year earlier to the lowest level in at least two decades for the month as...
Indian consumers in the world’s second-largest gold jewellery market run the risk of buying fake hallmarked gold flooding the market, leading jewellers and industry bodies warned....
Kidnapping, torture, homicide, unreported — certainly, unreportable — larceny, and gang warfare. The checklist seems like the elements of an ordinary gangster film however, in actuality,...
Gold smuggling could increase by 33% to touch 160 tonnes in calendar year 2022 as compared to the pre-Covid period due to import duty hike on...
The game-changing Comprehensive Economic Partnership Agreement (CEPA) signed between India and the United Arab Emirates (UAE) last week, though widely expected to give a big boost...
The World Gold Council recently launched a report titled ‘Bullion Trade in India’, as part of a series of in-depth analysis on the Indian gold market. The...
Hyderabad: The Enforcement Directorate (ED) has attached assets worth Rs 25.28 crore belonging to Hyderabad-based jeweller Sanjay Agarwal, Radhika Agarwal and Preet Kumar Agarwal in a...
The Indian Gold Policy Centre has estimated gold smuggling into the country at 300 tonnes per annum, leading to a revenue loss of Rs 20,000 crore...
HYDERABAD: The Enforcement Directorate (ED) has arrested Preet Kumar Agarwal, son of city jeweller and Ghanshyamdas Gems & Jewels owner Sanjay Kumar Agarwal, in connection with Rs 100...
By Suneeta Kaul The Union Budget 2021, presented by Finance Minister Nirmala Sitharaman, has reduced the import duty on gold and silver to 7.5%, a move...
According to Vaneet Dhanda, another jeweller from the city, “Income tax structure also requires an overhaul and the rate of tax applicable on the individuals and...
CHENNAI: Chennai airport topped the list on seizure of smuggled gold across the country in 2019-20, with 15% of all such incidents being reported from the...
Kolkata: Gems and jewellery exports are likely to decline 10-15 per cent year on year in this financial year owing to choppy global economies, high import...
NEW DELHI: A steep duty hike on gold imposed in the budget could make jewellery expensive in the domestic market while encouraging smuggling, fear industry leaders....
New Delhi: The decision to raise customs duty on gold is a part of the government’s stated policy to curb imports of non-essential items, and enforcement agencies will...
SURAT: Stating that import duty of 12.5% will only encourage gold smuggling, the all-India Jewellery Trade Council members met Union finance minister Nirmala Sitharaman and urged...
The shiny metal comes in as biscuits with no mark of origin from neighboring Myanmar. When militant outfits in the northeast started laying down arms five-six...
The Directorate of Revenue Intelligence (DRI ) arrested five men, including a customs officer at Chennai international airport, on Saturday after busting a gold smuggling syndicate...
MUMBAI: India’s gold smugglers have slowed their operations over worries their shipments will be caught up in seizures of cash, bullion, booze and drugs that are aimed...
Mumbai: In what could be touted as the biggest gold smuggling racket bust in the recent times, the Directorate of Revenue Intelligence (DRI) on Friday arrested seven...