GJEPC warns gold duty hike will inflate prices, not curb imports; seeks govt dialogue
The Gem & Jewellery Export Promotion Council cautioned New Delhi that raising gold import duty would lift domestic prices and risk pushing trade into unofficial channels rather than reducing imports. GJEPC urged pre-decision consultation with exporters before any revision.
GJEPC warned the Indian government that raising gold import duty would inflate domestic prices rather than curb imports, and could push trade into unofficial channels. The council urged consultation with industry before any duty revision affecting jewellery exporters.