PC Jeweller hopes to lower the 10 percent duty on gold imports. In the near future, the budget of India for 2014 will be presented. Earlier, the company noted that an increase in the import duty on gold to 10% last year had a negative impact on the development of the jewelry industry. PC Jeweller hopes that the new budget will provide for a reduction in the duty rate to 4%, the report said.
Monday, December 25, 2017
One of the leading Indian jewelery retailers PC Jeweller is considering opportunities to increase the number of outlets and plans to open 15 new stores, the Diamond World portal reports.
PC Jeweller hopes to lower the 10 percent duty on gold imports. In the near future, the budget of India for 2014 will be presented. Earlier, the company noted that an increase in the import duty on gold to 10% last year had a negative impact on the development of the jewelry industry. PC Jeweller hopes that the new budget will provide for a reduction in the duty rate to 4%, the report said.
PC Jeweller hopes to lower the 10 percent duty on gold imports. In the near future, the budget of India for 2014 will be presented. Earlier, the company noted that an increase in the import duty on gold to 10% last year had a negative impact on the development of the jewelry industry. PC Jeweller hopes that the new budget will provide for a reduction in the duty rate to 4%, the report said.
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