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

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Gems, jewellery industry seeks reduction of import duty to 4% in Budget 2021-22
PTI
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The tax and duty implication is 15.5 per cent on gold, the actual implication comes to around 20 per cent after adding the mining royalties.

Pethe also said the facility of equated-montly instalment (EMI) should be extended to the gems and jewellery industry and to increase the cash purchase limit to Rs 1 lakh from the current Rs 10,000.

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