Shantibhai Patel, president, Gems and Jewellery Trade Council of India, said jewellers in small towns have to pay Rs 10,000 for three years as licence fee, while in major cities this fee Rs 20,000 at present.
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The diamond is believed to have brought enormous bad luck to at least three former owners, including two Russian princesses.
The import tariff value is the base price at which the customs duty is determined to prevent under-invoicing.
Disposing of a plea seeking directions to bring the treasured diamond back to India, a bench headed by Chief Justice J S Khehar said it could not ask a foreign government not to auction a property.
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The agency has so far seized diamonds, gold jewellery and other precious stones worth Rs 5,716 crore in the case and summoned Modi and Choksi, the promoter of Gitanjali Gems, to appear before it on February 23 at its Mubai zonal office.
During the drinks break, Kohli trotted out onto the field laden with drinks for his teammates, which earned him a resounding applause from the stadium and the commentators went gaga.
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India's exports remained in the negative territory for the 11th month in a row.
IIM-B, professor R Vaidyanathan talks to Shobha Warrier about black money, Mudra Bank and Jaitley's Budget.
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The notice, the sources said, was issued on Tuesday to Anita Singhvi and that she was asked to explain how much she had paid in cash and through cheque to purchase the valuables and jewellery a few years back. It is understood that the I-T feels that about Rs 1.5 crore was paid by cheque for the purchase of the jewellery, while about Rs 4.8 crore was paid in cash by Anita Singhvi.
Nultiple regulators are probing the nexus of scamsters with diamonds after a state-run bank got defrauded of $1.8 billion by designer jeweller Nirav Modi.
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Mondelez has tied up with Warner Bros for its latest film Batman v/s Superman.
'The very fact that a girl from Haryana is now living life on her own terms... that's the biggest achievement in my life.'
The index gained 572 points, or 2.4 per cent, this week while the Nifty added 164 points, or 2.3 per cent
Indian exporters are said to be exporting gold jewellery with minimum value addition to get a higher gold import quota for domestic market after imports linked to exports under the 80:20 rule.
Globally, gold declined from the highest level.
Twenty years ago, Aziz Mirza had the foresight to predict the great discord India would witness and revolt against, notes Sukanya Verma.
Political leaders bid an emotional goodbye to Vajpayee.
'Indian cricket is in the safe hands of excitingly talented cricketers. No team can afford to underestimate India. If they do, it is to their peril.'
The NSE Nifty settled the day 93.20 points or 0.88 per cent lower at 10,452.30 after shuttling between 10,612.90 and 10,434.05.
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With India's exports all set to touch $80 billion in 2004-05, the new Foreign Trade Policy to be unveiled on Friday will have a slew of measures to boost farm exports apart from traditional sectors like textiles, gems and jewellery.
The 91.9 per cent slide in the stock price of Gitanjali Gems since April has depleted the value of promoter Mehul Choksi's holding in the company by at least Rs 17 crore (Rs 170 million) a day on an average.
Former Pakistan captain Muhammad Yousuf has declared England's Joe Root as currently the best batsman in the world. Overlooking India's run machine Virat Kohli and South African Ab de Villiers, Yousuf said that he believed Root was the the best in the world at the moment after his monumental 254 against Pakistan in the second Test at Manchester.
The Commerce and Industry Ministry is pitching for easing of the gold import restrictions to boost gems and jewellery exports
The Enforcement Directorate, which continued its searches against Modi, Choksi and their companies for the fourth day on Sunday , is also moving to attach at least two dozen immovable properties under the Prevention of Money Laundering Act.
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'There are so many issues that the CVC is examining both with reference to the PNB and RBI,' K V Chowdary said.
Engage, don't entice, advises advertising guru Sandeep Goyal.
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