The Central Board of Indirect Taxes and Customs is initiating the formation of a panel to address the considerations raised by the gems and jewellery business associated to customs clearances. The business has highlighted issues such as the dearth of valuers, challenges with the hand-carriage of gems and jewelry, and considerations in regards to the Remission of Duties or Taxes on Export Products scheme. In November, India’s gem and jewelry exports decreased by four.52% YoY to Rs 19,018.18 crore (USD 2,263.34 million), marking an improvement from the earlier 12 months.
- To make aware choices and spend cash on lasting ‘life-proof’ designs made from high-quality materials,” says Finematter’s Ejdrup.
- Schools put together to welcome back college students The GIA gem identification and grading laboratory in New York City…
- A ring set with a 15.60-carat diamond, accented with baguette diamonds, made by Fred, promoting for $991,857.
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