Jewellery Duty Hike

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  Gold Import Tax Hike To Fuel Smuggling, Please Reconsider Decision: Industry Bodies

  Jewellery and industry experts on Friday said the increase in import duty on gold to 15 per cent will fuel smuggling and urged the government to review the tariff rate on the yellow metal.

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  Government Likely To Raise Import Duties On More Than 50 Items: Report

  Higher customs duties are likely to hit goods such as mobile phone chargers, industrial chemicals, lamps, wooden furniture, candles, jewellery and handicraft items.

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  Jewellery Industry Hit By "Recession", Job Losses Likely: Industry Body

  In the Union Budget for 2019-20, customs duty on imported gold was raised from 10 per cent to 12.5 per cent.

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  In Relief To Jewellers, Small Scale Industry Exemption Limit Hiked

  In a relief to jewellers, the government has increased Small Scale Industry (SSI) exemption limit to Rs 10 crore from Rs 6 crore, waived off the levy on sale of traded goods and relaxed various procedural norms.

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  Jewellers Strike Against Excise Duty Hike Continues

  Jewellers and bullion traders across the country went on with their protest for the 37th straight day today demanding withdrawal of the proposed 1 per cent excise duty on non-silver jewellery items.

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  No Breakthrough For Jewellers, Strike Enters 35th Day

  The strike against one per cent excise duty on non-silver jewellery continued for another day despite huge losses to the industry traders.

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  Jewellers' Strike Against Excise Duty Hike Enters 34th Day

  A large number of jewellery establishments in the country remained shut for the 34th day today to protest against one per cent excise duty on non-silver jewellery.

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  Arvind Kejriwal Urges Chief Ministers To Oppose Excise Duty On Jewellery

  Delhi Chief Minister Arvind Kejriwal on Saturday urged the chief ministers of all states to oppose the central government's proposal to levy excise duty on non-silver jewellery.

• Import duty on gold jewellery hiked to 15%

  The government had last month hiked import duty on gold for the third time in 2013 to 10 per cent. Duties for silver and platinum were also increased to 10 per cent. Besides, customs duty on gold dore bars, ore or concentrate were raised to 8 per cent from 6 per cent.

• June gold imports decline 80.6% to 31.5 tonnes: report

  India sharpened measures to curb imports of the yellow metal by hiking the import duty and restricting consignment imports, after shipments jumped to more than 300 tonnes in April and May.

• Consumer sentiment may continue to fuel gold demand: experts

  The government's move to hike import duty on gold may do little to curb its demand and make it an even more sought after commodity in the near-term, pushing up the price of the precious metal, according to industry experts.

• India's gold imports may have risen by 15 per cent in January, thanks to duty hike

  India's import of gold may have risen by 15 per cent to 75 tonne in January as bullion traders purchased more of the precious metal in anticipation of hike in customs duty.

• Titan, Gitanjali Gems shares fall on gold duty hike

  Shares in jewellery makers like Titan Industries and Gitanjali Germs traded with over 2 per cent losses on Tuesday. Most other big jewellery retailers saw selling pressure in a flat market today.

• Gold may become costlier by Rs 700 per 10 gm after duty hike

  Gold prices are likely to rise by up to Rs 700 per 10 gram in the short term with tapered demand following the government decision to hike import duty on the precious metal, according to jewellers and analysts.

• Gold imports could fall 25 per cent on duty hike: trade body

  India's gold imports could drop by up to a quarter this year if, as expected, the government again raises the duty on the precious metal, the chairman of the All India Gems and Jewellery Trade Federation said on Thursday.