Gem and jewellery industry applauds customs duty reduction
The Indian gems and jewellery industry appreciated the government's decision to reduce customs duties on platinum findings in the Union Budget 2025-26. Vipul Shah of GJEPC highlighted new tariff items for clearer metal classifications, which benefit platinum imports under CEPA. These reforms are expected to enhance industry competitiveness, streamline processes, and promote growth.
The Indian gems and jewellery industry appreciated the government's decision to reduce customs duties on platinum findings in the Union Budget 2025-26. Vipul Shah of GJEPC highlighted new tariff items for clearer metal classifications, which benefit platinum imports under CEPA. These reforms are expected to enhance industry competitiveness, streamline processes, and promote growth.
