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Plea to Cut India's Import Duty on Gems and Precious Metals


Plea to Cut India s Import Duty on Gems a
nd Precious Metals
(IDEX Online) - India s government must reduce import duties on precious metals a
nd diamonds, o
r face a surge on smuggling and other criminal activity, an industry bodies has warned.
The All India Gem and Jewellery Domestic Council (GJC) is seeking a reduction from 12.5 per cent to four per cent on gold, silver and platinum in next month s budget. 
If the tax rate is kept at this level it will encourage smuggling and encourage people to do unorganised business, the council s chairman Anish Pethe told
Times of India. ....

John Jeffay , Jewellery Domestic Council , Jewellery Export Promotion Council , Cut India , Import Duty , All India Gem , Anish Pethe , அணிகலன்கள் உள்நாட்டு சபை , அணிகலன்கள் ஏற்றுமதி ப்ரமோஶந் சபை , வெட்டு இந்தியா , இறக்குமதி கடமை , அனைத்தும் இந்தியா கேம் , ஆநிஶ் பேததே ,