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3% GST on Gold Hurting Exports, Says GJEPC
July 05, 2018
Chairman of Gem and Jewellery Export Promotion Council (GJEPC) Pramod Agrawal said that the 3% GST on exporters for the procurement of gold is hurting the jewelry exports sector in India. He said that the sector is a USD 41 billion industry that makes for 7% of the economic growth. He also urged the government to facilitate the refund process under the GST regime for the exporters.
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