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All India Gems Jewellery Trade News
Gold jewellery imports may attract 4% countervailing duty
The finance ministry is considering levying four per cent countervailing duty (CVD) to protect the domestic gold jewellery industry from the glut of ready-made ornament imports through Thailand. Import of gold currently attracts a levy of four per cent and around 0.75 per cent of administrative cost incurred at banks, taking the total cost of import to 4.75 per cent. Against that, import of ready-made
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