Currencies Calculator
  • Make your visitors' entry a pleasant experience - smooth and speedy via the automatic visitors' entry system – tagomat. To process click here
  • Instead of wasting precious time on the phone, in line and filling in forms, request a buyer's badge via the website. To process a buyer's badge, Click here
  • In accordance with the security rules, anyone entering the building must wear their badge visibly at all times in the complex. This raises the level of security and will therefore be strictly enforced.
  • Note that you can contact any of the Exchange Committees or the Chairman of a Committee via the Exchange website. Go to "Committees" on the home page menu bar, select the required committee and then select the "contact" option.
  • According to the instructions of the Security Department of the exchange, all people in the bourse must wear their entry tags in a clearly visible way while they are in the exchange buildings.Doing so enables a higher level of security in the exchange.

India's Diamond Industry Takes A Hit With Import Tax Rise On Polished To 5%

India's diamond industry has suffered a blow after the government announced a rise in import taxes on polished diamonds to 5% from 2.5%.

The country's Finance Minister, Arun Jaitley, made the announcement as part of his budget speech to Parliament.

The tax will be levied on natural and laboratory-grown polished stones as well as colored gemstones.

And criticism did not take long to come from India's gemstones and jewelry umbrella representative organization, the Gem & Jewellery Export Promotion Council (GJEPC).

The GJEPC's recently elected chairman, Pramod Agarwal, said in a press statement: “This move hampers India’s chances of becoming an international diamond trading hub. This move doesn’t provide India a level playing field vis-à-vis other peers such as Belgium, Dubai and Israel.

“We are disappointed with the increase in customs duty…as it was not included as part of the industry’s recommendations to the government. This move hampers India’s chances of becoming an international diamond-trading hub.”

However, Agarwal was willing to concede that the government’s decision to lower corporate tax for firms with annual revenue higher than around $40 million (2.5 billion rupees) would be of benefit to the gem and jewelry trade

BackPrintSend to a friend