Monday, 05 April, 2021, 08 : 00 AM [IST]
HSIL Limited, Packaging Products Division, AGI Glaspac (better known as AGI) established in the year 1972, is engaged in the manufacture of high-quality glass containers to meet the stringent and demanding quality standards for the packaging needs of food, pharmaceuticals, soft drinks, spirits, beer, wine, and other industries.
Today, AGI has positioned itself as one of the leading container glass manufacturer in the country. With two state of the art manufacturing facilities, one in Hyderabad and the other at Bhongir (Telangana) both strategically located in South â Central India, where key raw materials are available in abundance and the shipping of finish goods by road, rail as well as by sea (through ICD) is extremely cost-effective. With Hyderabad and Bhongir facilities put together, AGI melts 1,600 tonne of glass per day.
AGI Glaspac invests Rs-55 crores in Telangana plant printweek.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from printweek.in Daily Mail and Mail on Sunday newspapers.
Record-keeping of cash deals in gems & jewellery trade now a must under PMLA
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Synopsis
Govt notifies dealers in precious metals and stones as designated businesses under PMLA to tackle money laundering through multiple cash deals up to or above Rs 10 lakh.
For income tax purposes, cash transactions up to a threshold of Rs 2 lakh without KYC PAN or Aadhaar are allowed in the gems and jewellery sector. Any sale in cash above Rs 2 lakh requires KYC.
Mumbai: Cash transactions in gold, silver, diamonds and other precious stones have come under the Prevention of Money Laundering Act (PMLA) ambit.