3% GST opens room for cheap import of gold jewellery from FTA countries—सविस्तर माहितीसाठी Business Standard मधील बातमी वाचावी.

Goods and services tax (GST) of 3 per cent on gold will open a window for cheap jewellery imports from Indonesia and South Korea from July 1.
Now, a 12.5 per cent countervailing duty is charged on imports of such jewellery from countries with which India has free trade agreements (FTAs).

As excise duty of 12.5 per cent will be replaced with 3 per cent GST from July, the countervailing duty would also come down. There would be no import duty on such goods from FTA nations.

via 3% GST opens room for cheap import of gold jewellery from FTA countries | Business Standard News

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