Budget 2026: Jewellery sector seeks duty rationalisation, reforms and GST cuts

India's gems and jewellery industry is pushing for GST cuts, customs reforms, and policy changes in the Union Budget 2026-2027 to boost exports and competitiveness. Key demands include rationalizing GST on gold and silver jewellery to 1.25% and operationalizing the Tourist GST Refund scheme to attract foreign buyers.

Budget 2026: Jewellery sector seeks duty rationalisation, reforms and GST cuts
India's gems and jewellery industry is pushing for GST cuts, customs reforms, and policy changes in the Union Budget 2026-2027 to boost exports and competitiveness. Key demands include rationalizing GST on gold and silver jewellery to 1.25% and operationalizing the Tourist GST Refund scheme to attract foreign buyers.