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Tag "smuggling"

Gems, jewellery industry seeks reduction of import duty to 4% in Budget 2021-22

Gems, jewellery industry seeks reduction of import duty to 4% in Budget 2021-22 0

🕔15:58, 15.Jan 2021

The gem and jewellery industry has sought reduction in customs duty on gold to four per cent, withdrawal of tax collected at source (TCS), cut in import duty on polished precious and semi-precious gemstones, in the upcoming Union Budget 2021-22. All India Gem and Jewellery Domestic Council (GJC)

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Mumbai: DRI arrests two employees of jewellery firms for smuggling gold worth Rs 6.25 crore

Mumbai: DRI arrests two employees of jewellery firms for smuggling gold worth Rs 6.25 crore 0

🕔15:47, 24.Nov 2020

The Directorate of Revenue Intelligence (DRI) has arrested two employees of city-based jewellery firms — Ruchita Jewellers and Mahalaxmi Traders — for allegedly smuggling 12 kg gold worth Rs 6.25 crore into the city from Kolkata. The agency arrested Praveen

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Gold demand may shift from jewellery, says WGC India MD.

Gold demand may shift from jewellery, says WGC India MD. 0

🕔17:19, 5.May 2020

  The gold market in India might see a significant shift in consumer behaviour once the nationwide lockdown is lifted. While Indian buyers have traditionally preferred jewellery over other forms of gold, record high prices and social distancing norms may

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Covid-19 outbreak: No gold seizure by Customs in April amid lockdown

Covid-19 outbreak: No gold seizure by Customs in April amid lockdown 0

🕔12:32, 4.May 2020

The Customs department has seized just 900 kgs of gold between January and March period, as against more than 1,000 kgs during the year-ago period. And not a single illegal consignment of the yellow metal has been reported in the

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Coronavirus: Gem & jewellery sector seeks prompt govt relief

Coronavirus: Gem & jewellery sector seeks prompt govt relief 0 Updated

🕔16:56, 23.Mar 2020

The indigenous gem and jewellery sector in the country has come to a “standstill” amid the coronavirus pandemic and is in immediate need of relief measures from the government, an industry body said.   With virtually no footfalls, many jewellers

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