Goldiam to trade from SEEPZ, Mumbai

Goldiam International Ltd., an Indian jeweller, mentioned that it has been legally permitted to set up its trading unit in SEEPZ Special Economic Zone, the diamond hub in Mumbai. The unit will conduct business for roughs, cut & polished diamonds, precious & semi-precious stones, synthetic stones, pearls, plain & studded gold and silver jewellery, stainless steel jewellery studded with diamonds and precious stones. It will have an annual capacity of Rs.110.3 crore ($28 million). It would fall under tax exemption benefits as stated under Section 10AA of the Income Tax Act, 1961.