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Rs 500 Crore Black Income Detected After Raids On Jaipur Jewellery Group
The Income Tax Department has detected undisclosed income of more than Rs 500 crore after it recently raided a Jaipur-based group engaged in manufacturing and export of jewellery and coloured gemstones, the CBDT said on Wednesday.
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Diamond Baron Vasant Gajera Held For Allegedly Usurping Surat Land
Prominent diamantaire Vasant Gajera, owner of jewellery manufacturing firm Laxmi Diamond, was today arrested for allegedly forging property documents to usurp a piece of land in Vesu area of the city, police said.
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After Abhishek Singhvi's "Harassment" Charge, Wife Submits Response To Tax Officials
Anita Singhvi, senior Congress leader Abhishek Manu Singhvi's wife, filed her response to the Income Tax department, which had issued her a notice to explain certain jewellery purchases from stores owned by beleaguered diamond manufacturer Nirav Modi.
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Jewellery Worth Rs 12 Crore Stolen In Delhi's Karol Bagh
Jewellery worth Rs 12 crore was stolen from two manufacturing units in central Delhi's Karol Bagh, the police said today.
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BlueStone's CEO on Why the Marketplace Model Doesn't Work for Jewellery
Gadgets 360 meets with the BlueStone CEO and CTO to talk about the online jewellery industry in India, and why they believe the marketplace model won't work.
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Notes Ban Effect: IIP For December For December Declines By 0.4%
Items like Commercial vehicles Gems and Jewellery Motorcycles, Cement and rice reported a high negative growth in the month under consideration.
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Noida Jeweller's Arrest Unearths Rs 150 Crore Bullion Fraud: Directorate of Revenue Intelligence
The Directorate of Revenue Intelligence has claimed to have unearthed an alleged fraud worth Rs 150 crore with the arrest of a Noida-based jewellery manufacturing unit owner, who reportedly diverted imported gold from Dubai to Indian market post demonetisation.
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GST: What Will Become Cheaper And More Expensive
The adoption of the GST regime will make manufacturing cheaper, leading to lower prices of a number of manufactured goods. On the other hand, services are likely to become costlier under the GST.
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No Arrest Of Jeweller In Case Of Duty Evasion Below Rs 2 Crore
Revenue officials will not arrest or prosecute jewellery manufacturers in cases where suspected excise duty evasion is less than Rs 2 crore, the Finance Ministry has said, in a move to address jewellers' concerns.
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Deadline For Jewellers To Register With Excise Department Extended
The government on Friday extended by one month the time for jewellers to get registered with the central excise department, an official statement said.
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Jewellers To Call On PM Modi, Demand Rollback Of Excise Duty
The jewellery manufacturers who have been on a strike are likely to meet Prime Minister Narendra Modi to demand rollback of 1 per cent excise duty imposed in the 2016-17 Budget.
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In China's Jewellery Hub, Gold Loses Sparkle for Wary Buyers
As Chinese consumers cut back on gold purchases for a second year in a row, nowhere is the slowdown being felt more than in the country's once-bustling jewellery manufacturing and retail hub of Shuibei.
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Budget 2015: Gold Import Duty May Be Cut, Says Report
The government may consider a reduction of 2-4 per cent in import duty on gold in the forthcoming Budget, a move that could help boost exports and manufacturing of gems and jewellery, sources said.
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Gems & Jewellery, SME, 3 Others to Come Under 'Make in India': Report
The government has identified 25 sectors, including pharmaceuticals, automobiles, textiles, aviation, mining, chemicals, which have potential to make India a leader in their respective fields.
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Warburg Pincus Set to Invest $200 Million in Kalyan Jewellers: Reports
Private equity funds have invested $4.6 billion in India so far this year, compared with $3.1 billion in 2013, Thomson Reuters data showed. Consumer-related investments contributed to a fifth of the total private equity inflows so far this year.
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Rs 500 Crore Black Income Detected After Raids On Jaipur Jewellery Group
The Income Tax Department has detected undisclosed income of more than Rs 500 crore after it recently raided a Jaipur-based group engaged in manufacturing and export of jewellery and coloured gemstones, the CBDT said on Wednesday.
-
Diamond Baron Vasant Gajera Held For Allegedly Usurping Surat Land
Prominent diamantaire Vasant Gajera, owner of jewellery manufacturing firm Laxmi Diamond, was today arrested for allegedly forging property documents to usurp a piece of land in Vesu area of the city, police said.
-
After Abhishek Singhvi's "Harassment" Charge, Wife Submits Response To Tax Officials
Anita Singhvi, senior Congress leader Abhishek Manu Singhvi's wife, filed her response to the Income Tax department, which had issued her a notice to explain certain jewellery purchases from stores owned by beleaguered diamond manufacturer Nirav Modi.
-
Jewellery Worth Rs 12 Crore Stolen In Delhi's Karol Bagh
Jewellery worth Rs 12 crore was stolen from two manufacturing units in central Delhi's Karol Bagh, the police said today.
-
BlueStone's CEO on Why the Marketplace Model Doesn't Work for Jewellery
Gadgets 360 meets with the BlueStone CEO and CTO to talk about the online jewellery industry in India, and why they believe the marketplace model won't work.
-
Notes Ban Effect: IIP For December For December Declines By 0.4%
Items like Commercial vehicles Gems and Jewellery Motorcycles, Cement and rice reported a high negative growth in the month under consideration.
-
Noida Jeweller's Arrest Unearths Rs 150 Crore Bullion Fraud: Directorate of Revenue Intelligence
The Directorate of Revenue Intelligence has claimed to have unearthed an alleged fraud worth Rs 150 crore with the arrest of a Noida-based jewellery manufacturing unit owner, who reportedly diverted imported gold from Dubai to Indian market post demonetisation.
-
GST: What Will Become Cheaper And More Expensive
The adoption of the GST regime will make manufacturing cheaper, leading to lower prices of a number of manufactured goods. On the other hand, services are likely to become costlier under the GST.
-
No Arrest Of Jeweller In Case Of Duty Evasion Below Rs 2 Crore
Revenue officials will not arrest or prosecute jewellery manufacturers in cases where suspected excise duty evasion is less than Rs 2 crore, the Finance Ministry has said, in a move to address jewellers' concerns.
-
Deadline For Jewellers To Register With Excise Department Extended
The government on Friday extended by one month the time for jewellers to get registered with the central excise department, an official statement said.
-
Jewellers To Call On PM Modi, Demand Rollback Of Excise Duty
The jewellery manufacturers who have been on a strike are likely to meet Prime Minister Narendra Modi to demand rollback of 1 per cent excise duty imposed in the 2016-17 Budget.
-
In China's Jewellery Hub, Gold Loses Sparkle for Wary Buyers
As Chinese consumers cut back on gold purchases for a second year in a row, nowhere is the slowdown being felt more than in the country's once-bustling jewellery manufacturing and retail hub of Shuibei.
-
Budget 2015: Gold Import Duty May Be Cut, Says Report
The government may consider a reduction of 2-4 per cent in import duty on gold in the forthcoming Budget, a move that could help boost exports and manufacturing of gems and jewellery, sources said.
-
Gems & Jewellery, SME, 3 Others to Come Under 'Make in India': Report
The government has identified 25 sectors, including pharmaceuticals, automobiles, textiles, aviation, mining, chemicals, which have potential to make India a leader in their respective fields.
-
Warburg Pincus Set to Invest $200 Million in Kalyan Jewellers: Reports
Private equity funds have invested $4.6 billion in India so far this year, compared with $3.1 billion in 2013, Thomson Reuters data showed. Consumer-related investments contributed to a fifth of the total private equity inflows so far this year.
