GJF wants 5% import tax;PAN card limit to Rs 5 lakh for Budget12 min ago

Mumbai, Jan 24 The dometic gems and jewellery industry, which went through a lot of turmoil in 2016, has urged the government to increase the mandatory PAN card limit to Rs 5 lakh and above and reduce the import duty on gold to atleast 5 per cent in the Union Budget 2017-18. All India Gems and Jewellery Trade Federation , the apex body for domestic gems and jewellery industry, has recomended the Finance Minister to increase the mandatory PAN card limit to Rs 5 lakh and above.