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All India Gems and Jewellery Trade Federation news and archive

Fashion

Industry opposes 1% excise duty on branded jewelry

The Indian finance minister may have put a smile on the face of many with his offerings in the Union Budget, however, the gems and jewelry industry is an unhappy lot. They are disappointed over the reintroduction of 1 per cent excise duty on branded jewelry and have asked for a roll back on the same. The feeling is that it will serve as a...

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