Different Norms and Standards


Duties and taxes on exports

 

Sales Tax on export of Gold Jewelry and Gemstones will be zero-rated. An exporter can claim refund of Sales Tax paid on raw material inputs. With Holding Tax at the rate of 1% shall be charged on export of Gold Jewelry and Gemstones along with 0.25% Export development surcharge

 

Wastage of Gold

 

Gold wastage or manufacturing loss in the production of gold jewelry shall be allowed to the exporters as exporters as per the table below:

 

S.No.

Description of Jewellery

Percentage of wastage

1

Plain gold jewellery

2% of gold content of jewellery by weight.

2

Studded or embedded gold jewellery

10% of gold content of jewellery by weight.


Value Addition

 

Export of gold jewelry shall be allowed with minimum value addition as given below:

 

  • 4% on gold bangles and chains;
  • 6% on other plain jewelry; and
  • 9% on stone studded or embedded jewellery 

Duties and Taxes on Imports
 

Type

Duty

Sales Tax

Income Tax

Other Taxes

 

 

 

 

 

Gold Jewellery

10%

15%

5%

2%

Gemstones all type (rough & cut)

0%

0%

5%

2%

Machinery Gemstone

0%

19%

5%

2%

Machinery Jewellery

5-20%

19%

5%

2%

 

Membership Procedure

 

Fee Structure