Tuesday, June 13, 2017

Central Board of Direct Taxes in India (Central Board of Direct Taxes, CBDT ) to February 15, 2017 banned the diamond couriers (angadias) in the country to carry cash. Couriers also have to stop taking cash for transportation, according to the Times of India.
Thus, now the so-called "angadias" will only carry valuable jewelry, diamonds, diamonds and other precious stones. However, they will no longer carry cash on 15 February, so as not to cause a response by the CBDT.
Indian diamond couriers famous for the fact that they are a kind of "informal banks" for the representatives of the Indian diamond industry. "Angadias" give cash to Indian small and medium diamantaires at interest, and now this practice will come under serious blow.
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1 comment:

Pearl Necklace said...

Retail sales in all categories in Hong Kong continued to slow in October decreased in value by 3%, according to the National Bureau of Statistics and Census.
The retail sales management of the Association of Hong Kong (Hong Kong Retail Management Association, HKRMA ) noted that, according to preliminary data, sales of $ 37.17 billion in October. Meanwhile, HKRMA version, retail sales rose slightly in volume, 1.2 %.
Monthly sales in Hong Kong fell in value for the eighth consecutive month, compared with last year, the bureau noted. Probably, it is believed in the statistical Office, this reduction is associated with a slowing tourist influx.
The nine categories of products, mainly related to the cost of the local population, there was an increase, while in the more expensive categories of products that are often bought by tourists, a decrease was observed.
During 10 months of 2015, retail sales by value fell by 2.7%, but rose 1.1% by volume, indicated in the statistical bureau.
Jewelry sector showed the worst results. Sales of jewelry, watches and valuable gifts in October fell by 17% in value and 11.4% in volume compared to the same period last year. This is the most severe drop among all categories of retail goods sales.
In HKRMA noted that in December, the picture is likely to remain unchanged. All retailers are expected to fall in the value of sales during the Christmas season of 2015.