×
115
Fashion Jobs
L'OREAL GROUP
Senior Manager - Digital Marketing & D2C, Kerastase
Permanent · Mumbai
NIKE
Lead Product Management – ed&a, Icc, India
Permanent · Bengaluru
NIKE
Senior Dynamic Application Security Tester – Cis, Icc, India
Permanent · Bengaluru
PUMA
Senior Manager - Golf Sales (Cpg-Cobra Puma Golf)
Permanent · Bengaluru
PUMA
Manager - Accounts Payable
Permanent · Bengaluru
PUMA
Senior Manager – Teamsport Sales
Permanent · Bengaluru
NIKE
Lead Technical Product Manager – p&m, Icc, India
Permanent · Bengaluru
PUMA
Manager – Customer Reconciliation And Accounts
Permanent · Bengaluru
PUMA
Manager – Warehouse Operations (Ecommerce)
Permanent · Gurugram
NIKE
Lead Product Manager, India – ed&a Icc
Permanent · Bengaluru
PVH
Manager, Business Solutions
Permanent · Bengaluru
NIKE
Identity And Access Management (Iam) Security Operations Engineer, India – Cis Icc
Permanent · Bengaluru
NIKE
Expert Security Incident Coordinator, India – Cis Icc
Permanent · Bengaluru
L'OREAL GROUP
Indirect Sourcing Manager
Permanent · Baddi
NIKE
Sap bi Lead Engineer – Sec Tech, Icc, India
Permanent · Bengaluru
NIYOSSHIC LUXURY CONSULTANCY
Social Media Intern
Internship · MUMBAI
SAAHRA
Graphic Design Summer Internships
Internship · NEW DELHI
HEMMING BEE
Fashion Production Intern
Internship · MUMBAI
HEMMING BEE
Fashion Production Intern
Internship · MUMBAI
BROADCAST THE COMPANY
Business Developement
Internship · MUMBAI
RELIANCE INDUSTRIES LTD
Sales Officer-Reliance Retail-tg
Permanent · Nirmal
GOKALDAS EXPORTS LTD
Safety Officer
Permanent · Madanapalle
Published
Apr 21, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

GJEPC petitions against U.S. proposed 25% import duty levy

Published
Apr 21, 2021

The Gem and Jewellery Export Promotion Council has urged India’s jewellery industry to petition against the U.S.’s proposed imposition of a 25% duty levy on certain categories of gems and jewellery exports from India.

The GJEPC believes the US's proposed new levies on certain gem and jewellery exports from India would harm the industry - Diamond Producers Association- Facebook

 
The GJEPC called the newly proposed U.S. tax rates “discriminatory” at an open forum on April 17, the GJEPC reported on its website on April 21. The jeweller’s association believes the proposed measure is retaliatory and would cause significant disruption to Indian exports to the country. 
 
“India imposed a 2% equalisation levy on online transactions done from abroad and the U.S. Government in retaliation is right now cautioning that it may impose an import duty till 25% on some category of gem and jewellery imports from India,” said GJEPC chairman Colin Shah at the event, the GJEPC reported on its website.  

The proposed rates would affect India, the UK, and Turkey. Product categories which the proposed levy would affect include gold mixed link chains, unstrung precious and semi-precious stones, jewellery made from base metals clad with precious metals, and unstrung synthetic precious and semi-precious stones. 
 
“The U.S. is India’s major export market for gem and jewellery products. Exports of around $9.3 billion go to the U.S each year, accounting for a quarter of the total gem and jewellery exports of $36 billion from the country,” said the GJEPC’s executive director Sabyasachi Ray. 

“If the proposed action of raising tariff rates gets implemented, this would adversely impact gem and jewellery exports of around $46-53 million and be another setback to one of the most labour-oriented export sectors of the country.”

Copyright © 2021 FashionNetwork.com All rights reserved.