“We are hoping for a reduction in the import duty on gold from
10% to 4-5%. This would help buoy up positive business sentiments, and a cut in
the duty structure will ultimately benefit the consumer. A step in this
direction will also promote import of gold through legalized channels resulting
in increased revenue for the government.
We look forward to organized
jewellery retail chains playing a more pro-active role in the Gold Monetization
Scheme which would help the government in reaching its targets of mobilizing
gold from consumers across the country.
Jewellery purchase through EMIs is
another option that we would like the government to look into.”
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