Switzerland accounts for half of India s gold imports in FY21 indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
According to the latest data available with the government, Indias exports reached $50.7 billion during the first seven weeks of the fiscal year, 11% higher than the corresponding period in 2019-20.
Exports hit $51 billion in first 7 weeks of current fiscal msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Exporters seek clarity on gold hallmarking order
May 25, 2021
Want those not involved in local trade to be excluded from the order
Gems and jewellery exporters have asked the government to “explicitly clarify” whether jewellers with transactions only in exports are excluded from the purview of the mandatory gold hallmarking order to be implemented from June 1 2021.
In a representation to Minister of Consumer Affairs and Food & Public Distribution, Piyush Goyal, the Gems & Jewellery Export Promotion Council pointed out that as Indian hallmarked articles do not have acceptance outside India, any legal interpretation that requires an exporter to comply with the hallmarking provisions wholly or partially, will increase the transaction costs in the export stream, making gem and jewellery exports unviable.
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Stalled: The Gold Rush
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Pintrest
High taxes on import of India’s favourite metal are styming higher sales, and forcing many sellers to adopt unsavoury tactics that are ultimately denting government revenue