India’s overall exports of gems and jewelry slumped by over 82 per cent in April and May as trade was devastated by COVID-19. Overseas sales amounted to just $568m, said the Gem and Jewellery Export Promotion Council (GJEPC), compared with $3.2bn for the same period in 2019. Exports of polished diamonds, mostly destined for the […]
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]]>The Gem & Jewellery Export Promotion Council (GJEPC) which has been making representations to get the Surat International Diatrade Centre (SIDC) set up in the Gujarat Hira Bourse to be declared a Special Notified Zone (SNZ) has recently met with success.rnrnBy a notification issued on January 16, 2020 by the Principal Commissioner of Customs, Ahmedabad, […]
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]]>The domestic industry has demanded a cut in import duty on gold to 4% from the current 10%. The government is working on an integrated gold policy, which is expected to be released soon, to promote the growth of the yellow metal industry and exports of jewellery, Commerce and Industry Minister Suresh Prabhu said. “We […]
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