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Budget 2020: Diamond polish import duty cut could create Rs 10,000, need a stable gold policy, says Colin Shah of GJEPC

Updated : January 24, 2020 11:13 PM IST

GJEPC vice-president Colin Shah comprehensive long-term gold policy for exports and domestic trade is need of the hour.
He said if the government reduces diamond polish import duty from current 7.5% to 2.5%, it would create 10,000 jobs for just re-cutting of these old stones into fresh new diamonds.
He added manufacturing without trading is not really viable.

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