GJF expresses dissatisfaction over mandatory PAN card on purchase of Rs. 2 lakh

GJF has urged the Government to remove pan card requirement in jewellery sector and maintain status-quo on application of TCS on sales of bullion on Rs. 2 lakh and on Rs. 5 lakh of jewellery.

Post By : IJ News Service On 17 December 2015 10:42 AM
The International Gemological Institute (IGI) recently announced the opening of their laboratory at Panjagutta in Hyderabad. Studying the tremendous untapped potential of the Hyderabad jewellery market, IGI observed the need to open a full-fledged grading laboratory and education services in Hyderabad.%% IGI has been working closely with the retailers in Andhra Pradesh and organised a first of its kind, Buyer Seller Meet – the IGI D Show, in November 2012 which was well received by the participants and the next strategic step for IGI was to open a certification laboratory in Hyderabad, closer to the retailers in Andhra Pradesh. Hyderabad is an emerging market with many well known retailers setting shop here and the increasing demand in the local market for gold and diamond jewellery. IGI will also provide education services and offer courses in Polished Diamond Grading, Jewellery Designing and other corporate programs for the Andhra Pradesh region. The first course in Hyderabad will be held on between April 15 - April 26, 213 on Polished Diamond Grading at IGI Hyderabad.%% Speaking on the occasion, Tehmasp Printer, Managing Director – International Gemological Institute - India said, “The awareness for quality and certification is rising amongst consumers, and therefore a globally recognized certification Laboratory in India provides assurance and helps build consumer confidence. We believe Hyderabad is emerging as one of the key diamond markets. IGI Mobile labs will be made available to our clients across Andhra Pradesh for certifying their jewellery”.%%

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