Pranab Mukherjee proposed Indian budget 2010 today. he has just finished his budget speech. Import duty on gold and platinum is raised to rs. 300 per ten gram from previous Rs. 200.
However, import duty on Rhodium (Used for polishing and coating) is reduced significantly to 2 percent from previous ten percent. This will have positive impact on Jewelry industry which largely use this metal.
(Jyoti Kothari, Proprietor, Vardhaman Gems, Jaipur represents Centuries Old Tradition of Excellence in Gems and Jewelry. He is also ISO 9000 professional)