Kolkata: Dubai has imposed a 5% import duty on gold and diamond jewellery, a move which is likely to hurt Indian exports at a time when demonetisation has hit business at home.
The new levy may , however, boost bridal jewellery sales in India because many Indian shoppers had turned to Dubai owing to the cheaper gold there and the price difference may no longer be attractive enough.
“Nearly 45-50% of gold jewellery consumed in Dubai goes from India.It will hurt some big ..
Read more at:
http://economictimes.indiatimes.com/articleshow/56435735.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
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The new levy may , however, boost bridal jewellery sales in India because many Indian shoppers had turned to Dubai owing to the cheaper gold there and the price difference may no longer be attractive enough.
“Nearly 45-50% of gold jewellery consumed in Dubai goes from India.It will hurt some big ..
Read more at:
http://economictimes.indiatimes.com/articleshow/56435735.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst