| India Budget 2012-3 is a big disappointment for the bullion industry as the hike in import duty on gold and hike in excise duty on jewellery would impact the industry, traders and the common man.
According to Prithviraj Kothari, Director of RiddiSiddhi Bullions Ltd (RSBL) said that the increase in gold import duty from 2 to 4%, one percent hike in excise duty on branded and non-branded jewellery will create negative impact not only for the bullion and jewellery dealers but also for the common man...............................................Full Article: Source |