Budget 2021: Gems, jewellery industry seeks cut in import duty, GST

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The gem and jewellery industry has a lot expectation from the Modi government in the upcoming Union Budget 2021-22. The industry wants the Centre to reduce customs duty on gold, withdraw of tax collected at source (TCS), cut in import duty on polished precious and semi-precious gemstones.

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The gem and jewellery industry has a lot expectation from the Modi government in the upcoming Union Budget 2021-22. The industry wants the Centre to reduce customs duty on gold, withdraw of tax collected at source (TCS), cut in import duty on polished precious and semi-precious gemstones.

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