Gemstones Exporters in India are deadening the Indian government to give exemption from jewellery duty so as to help gemstones and jewellery expoterts in India industry grow. According to the representative of the gemstones India if government gives tax exemption then India can become the international trading hub for gems, jewellery (be it gold, silver, diamond or artificial jewellery).
G&JEPC also known as Gems and Jewellery Export Promotion Council of Indian was quoted in the media saying that government of India must introduce the recommendation as given by Sivaraman Committee in 2006.
G&JEPC also known as Gems and Jewellery Export Promotion Council of Indian was quoted in the media saying that government of India must introduce the recommendation as given by Sivaraman Committee in 2006.
Diamond exporters in India have already achieved the distinction of cutting 14 of the 15 diamonds sold across the globe. Thus these tax benefits can not only help India become a hub of global diamond trading but can be helpful to both merchants and the government a well. If the recommendations of the Sivaraman Committee are accepted it can encourage more investments in gemstones and jewellery section, increase profits, develop global competitiveness of the industry, retain skilled labour and increased job opportunities in this industry.
