Gems & jewellery industry6
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Gems & jewellery industry6

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www.Addimon.com is an online jewellery retail brand that specializes in diamonds and solitaires at a very unique price range and offers unmatched choices to customers in the category. We offer the ...

www.Addimon.com is an online jewellery retail brand that specializes in diamonds and solitaires at a very unique price range and offers unmatched choices to customers in the category. We offer the best deals in IGI/GIA certified loose diamonds. The unique pricing strategy adopted us distinguishes ourselves from the rest of the players in the market. Our prices are 5-15% lower than other online stores and up to 40% lower than offline stores, with product range starting from Rs. 3000. Besides, we also provide made to order services within a selected budget range. We have been featured in various mainline media like ET, Hindu, TOI, Indian Express , Financial chronicle etc.
Best offers on diamond Jewellery. Certified by international gemological laboratory and hallmarked gold. All at reasonable prices at www.addimon.com .

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  • Driven by the high spending on gold consumption, the customs duty on standard and non-standard gold has been doubled in order to curb imports of gold and other precious metals. To minimise its impact on small artisans and goldsmiths and simplify operations, certain measures are proposed UNION BUDGET 2012-13: Impact Analysis22to be taken. The overall additional tax burden is expected to have a negative impact on the gems and jewellery sector, as it will make gold and jewellery more expensive. However, exempting silver jewellery from the levy of excise duty is a positive move.

Gems & jewellery industry6 Gems & jewellery industry6 Presentation Transcript

  •               SWOT Analysis Market Overview- Domestic Market Overview- Export Market Overview- Luxury Value Chain Analysis Demographic clusters in India Factors Impacting G&J industry Porter’s Five forces in jewellery industry Key demand drivers Government regulations and support Budget 2012-13 Impact Key Players Future Outlook Recent News and its implications Visit http://www.addimon.com/25-diamond-love-heart-pendants| Premium Online Jewellery Store
  • Ministry of Industry and Commerce policy Tax and duties FDI policies Foreign trade policy Key budget proposals 2012-13 & its implications Visit http://www.addimon.com/25-diamond-love-heart-pendants| Premium Online Jewellery Store
  •    All industrial undertakings of G&J are exempted from obtaining an industrial license to manufacture Small scale units are exempt from the locational restrictions Entrepreneurs are required to obtain statutory clearances relating to pollution control and environment for setting up an industrial project Visit http://www.addimon.com/25-diamond-love-heart-pendants| Premium Online Jewellery Store
  •      Cutting and polishing of gems and Jewellery treated as manufacturing to be treated for the purpose of exemption under Section 10A of the Income Tax Act Service Tax on services (related to exports), which are rendered abroad have been exempted Duty free import of tools, machinery & equipment, rough semi-precious stones, polished diamond The import duty on polished diamonds was abolished A new scheme by which units in SEZ will be able to obtain tax free receipt of services wholly consumed within the zone Visit http://www.addimon.com/25-diamond-love-heart-pendants| Premium Online Jewellery Store
  •     100 % Foreign direct investment (FDI) allowed in G&J through the automatic route The Indian retail FDI policy permits 51% ownership of single brand retail stores This provides multi-national jewellery brands such as Tiffany, Cartier and Zales among others the opportunity to set up operations directly in India The Government, however, continues to restrict foreign investment in multi-brand retail Visit http://www.addimon.com/25-diamond-love-heart-pendants| Premium Online Jewellery Store
  •      To neutralize duty incidence on gold jewellery exports, Duty drawback is allowed on such exports Designated diamond dollar account for businesses with a track record of export/import To promote exports, value limit of personal carriage has been increased from USD 5mn for overseas exhibitions . Also limit for personal carriage as samples for exports promotion is now USD 1mn No of days for re-import of unsold items for exhibition participation in USA is now 90 days Promotion of export of 'hallmark' jewellery from India to assure foreign customers of quality and purity of jewellery made in India Visit http://www.addimon.com/25-diamond-love-heart-pendants| Premium Online Jewellery Store
  •               SWOT Analysis Market Overview- Domestic Market Overview- Export Market Overview- Luxury Value Chain Analysis Demographic clusters in India Factors Impacting G&J industry Porter’s Five forces in jewellery industry Key demand drivers Government regulations and support Budget 2012-13 Impact Key Players Future Outlook Recent News and its implications Visit http://www.addimon.com/25-diamond-love-heart-pendants| Premium Online Jewellery Store
  •       Positive proposals/ impact Basic Custom Duty on pre-forms of precious and semiprecious stones (other than diamonds) reduced from 10 to 2%. Concessional rate of tax of 15% on dividend received from its foreign subsidiary proposed to continue for one more year. Corresponding amendment to remove cascading effect on subsequent dividend distributed by Indian Company. Modified provisions of GAAR will come into effect from 01.04.2016 Excise duty of 1% on branded precious metal jewellery to be extended to include unbranded jewellery Full exemption from excise duty on branded silver jewellery Visit http://www.addimon.com/25-diamond-love-heart-pendants| Premium Online Jewellery Store
  •        Levy of 4% excise duty on silver manufactured from smelting zinc or lead.Surcharge of 10% on persons (other than companies) whose taxable income exceeds Rs. 10 million. Surcharge on Income Tax has been increased from 5% to 10% on domestic companies whose taxable income exceeds Rs. 100 million to be in force for only one year. Foreign companies who pay a higher rate of corporate tax, surcharge on Income Tax has been increased from 2% to 5%, if the taxable income exceeds Rs 100 million to be in force for only one year. In all other cases, such as dividend distribution tax or tax on distributed income, current surcharge increased from 5 to 10%. A final withholding tax at the rate of 20% on profits distributed by unlisted companies to shareholders through buyback of shares. No capital gains in hands of shareholders. Tax on payments by way of royalty and Fees for Technical Services to non-residents from 10% to 25% (subject to beneficial rates in DTAA). DTC VAS, software imports and other such services utilized by the Indian Gem and Jewellery Industry, categorized under payments in the nature of royalty and FTS, would be impacted. Introduction of Commodity Transaction Tax (CTT) on sale of non-agricultural commodities (which would include gold and other precious metals) at 0.01%. Visit http://www.addimon.com/25-diamond-love-heart-pendants| Premium Online Jewellery Store
  •      Increased basic customs duty from 2% to 4% on standard gold bars, gold coins of purity exceeding 99.5% and platinum. Increased basic customs duty from 5% to 10% on non-standard gold. Increased basic customs duty from 1% to 2% on gold ores and concentrates for use in the manufacture of gold for refining. Increased excise duty from 1.5% to 3% on refined gold. Imposition of basic customs duty of 2% on cut and polished colored gem stones. Visit http://www.addimon.com/25-diamond-love-heart-pendants| Premium Online Jewellery Store