Latest News on Jewellery
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Jewellery - Total results - 148
Aug 21, 2017
Banks to pay 3% Integrated GST on gold imports: CBECUnder GST, "3 percent Integrated-GST is payable on all imports of precious metals in addition to the basic customs duty. IGST paid can be taken as input tax credit by the banks."
Aug 21, 2017
Gold consignments from South Korea to face strict customs scrutinyThe Customs authorities have decided to examine thoroughly the consignments of gold coming from South Korea to ensure that there is no violation of provisions of free trade agreement
Aug 16, 2017
Govt bans export of gold items above 22-carat purityThe decision came at a time when Indian gold jewellery traders have raised concerns over a surge in gold imports from South Korea
Aug 09, 2017
Surge in gold imports from South Korea sets off alarm bells, govt mulls steps to check inflowGold imports from South Korea, with which India has a free trade agreement since January 2010, has jumped to $338.6 million during 1 July and 3 August this year. The import in 2016-17 was $70.46 million.
Aug 03, 2017
India's Apr-Jun quarter gold demand surges 37% to 167.4 tonnes: World Gold CouncilIn value terms also, the demand surged by 32 percent at Rs 43,600 crore against Rs 33,090 crore in the Q2 2016.
Jul 28, 2017
Falling trade deficit opens space to reduce gold import tax, could make bullion cheaperA lower import duty would also help in curbing gold smuggling, which the industry says is likely to rise after the hike in sales tax on gold jewellery from 1 July.
Jul 14, 2017
No GST on sale of old gold jewellery, cars by individuals, clarifies govtThe Revenue Department today clarified that sale of old jewellery as well as old vehicles by individuals will not attract any GST as the sale is not for furthering any business.
Jul 13, 2017
GST: Selling of old gold items will attract 3% tax too, clarifies Hasmukh AdhiaHasmukh Adhia says if the jewellery is sold and new one bought through the proceeds, the 3% tax paid will be deducted from the GST payable on buying new jewellery
Jun 29, 2017
Woman in China faints after accidentally breaking jade bracelet priced at $44,000The woman was trying on the jade bracelet at a store when she dropped it, breaking it into two pieces.
Jun 16, 2017
India's gold imports surge 3-fold to US $4.95 bn in MaySurge in the imports last month contributed to the widening of trade deficit to a 30-month high of US $13.84 billion as against US $6.27 billion in May 2016