04 Feb 2023
DiamondWorld Directory
-
Home |
News
Home
Some solutions to SNZ taxation issues could come through soon
Government may also look into Separate HS Code for Synthetics
By: Diamond World News Service
|
Aug 7 2015 6:11PM
|
Reference: 11782  

DecreaseIncrease
Ms Rita A. Teaotia
Ms Rita A. Teaotia
At the inauguration of the 32nd IIJS, Commerce Secretary Ms Rita A. Teaotia spoke of the government’s efforts in supporting the industry to grow. In this vein, she spoke of the government having moved very quickly ‘on the SNZ demand of the gem and jewellery sector and the execution is already underway.’ She also mentioned that the government ‘will work with the industry to develop a reasonable and rational outcome” to the complex taxation issues related to the operation of the Special Notified Zone (SNZ) for the import of rough diamonds being set up in the Bharat Diamond Bourse’, reports say.

Another aspect she touched upon was the government looking into the industry request to develop an 8 digit HS Code for trade in synthetic diamonds and identified this as a valid request and that the government is looking into this seriously, reports say.

Ms Rita A. Teaotia was speaking in response to the requests put forward by Vipul Shah of GJEPC on behalf of the industry, during his welcome address at IIJS, reports say. He expressed a need and urged the government to address the taxation regime which had been put forward by De Beers and other miners, thereby paving way for the zone to soon be commissioned.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
 
*  Name:
 
*  Mobile:
 
*  Email:
 
 
Subscribe for DiamondWorld weekly Newsletter
 
Advertisement
DWWeeklypost
Search News by City
Advertisement
DWsubscription
Recent Issue
2022
AVAILABLE NOW...!
News in Pictures
Videos
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 32442
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 10146
GJEPC Chairman Interview
Views: 28524
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 40032
Promo for IJ Awards 2012 at NDTV Profit
Views: 57667
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 69197
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 22192
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 51376
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 53763
Advertisement
DW News App
Member of:
Supporter of: