GJEPC warns gold duty hike will inflate prices, not curb imports; seeks govt dialogue
The Gem & Jewellery Export Promotion Council cautioned New Delhi that raising gold import duty would lift domestic prices and risk pushing trade into unofficial channels rather than reducing imports. GJEPC urged pre-decision consultation with exporters before any revision.
What happened
GJEPC warned the Indian government that raising gold import duty would inflate domestic prices rather than curb imports, and could push trade into unofficial
Why this matters
Track GJEPC's lobbying outcome as a signal for jewellery sector M&A timing, since duty volatility could compress valuations and surface acquisition opportunities among smaller exporters.