#gold import

[internationalnewz]

GTRI Raises Concerns Over Precious Metal Imports Under India-UAE Trade Pact

Introduction

The Global Trade Research Initiative (GTRI) has voiced serious concerns about the surge in precious metal imports from the UAE under the India-UAE Comprehensive Economic Partnership Agreement (CEPA). This influx is impacting the domestic jewelry industry and potentially causing significant revenue losses.

Key Issues and Calls for Action

GTRI has called for an urgent investigation into the effects of CEPA, which allows unlimited imports of gold, silver, platinum, and diamonds from the UAE with zero tariffs in the coming years. This policy is expected to shift import business from banks to private traders and replace top suppliers with Dubai-based firms.

Revenue and Industry Impact

The think tank's report highlights that the zero-tariff policy could lead to an annual revenue loss of Rs 63,375 crore due to duty-free imports of gold and silver based on FY2024 import levels. Additionally, it could disrupt the domestic diamond and jewelry industry, particularly with major imports coming through GIFT City, which faces transparency issues.

Current and Future Tariff Changes

Presently, gold can be imported from Dubai at a 5% duty, but this will drop to zero in three years if the alloy contains 2% platinum. Similarly, silver imports from the UAE have surged due to an 8% duty under CEPA, compared to the general 15% duty, creating a significant tariff arbitrage.

Concerns Over Compliance and Money Laundering

GTRI also raised concerns about many imports not meeting Rules of Origin conditions, suggesting potential money laundering. The value addition process for silver imports is particularly questionable, prompting a call for a CAG audit to investigate pre-arranged deals and invoice manipulation.

Impact on the Jewelry Industry

The tariff concessions under CEPA are hurting India’s jewelry industry, with gold jewelry imports from the UAE increasing due to lower tariffs. The zero tariff on cut and polished diamonds under CEPA threatens India’s domestic diamond industry, which benefits from zero duty on rough diamonds and a 5% duty on cut and polished diamonds.

Specific Cases and Recommendations

GTRI founder Ajay Srivastava emphasized the problematic nature of the current situation, where silver bars are imported from Russia and other countries to Dubai, converted into granules, and then exported to India with minimal value addition. This process is raising concerns about meeting the rules of origin requirements.

Conclusion

GTRI's concerns highlight the need for a thorough review and investigation of the India-UAE trade pact to ensure fair import practices, safeguard domestic industries, and prevent significant revenue losses. The government must address these issues promptly to maintain the integrity of the country's trade policies.

[constarlations]

Pokémon Timeskip Series: Battle Legend Lyra 🍒🍂

One of the two Johto-Kanto champions, Lyra is best known for her bright and cheery down to earth attitude both on and off the battle field! She likes to travel ALOT you can find her in coffee shops in Kalos or surfing the waves in Alola or just about anywhere with her Fiancé, Silver by her side and never turns down a challenge to a good battle (even if she accidentally sweeps the other person’s team whoops) Her favorite drink is boba tea, her birthday is March 4th, she has a crippling gatcha AND otome addiction, and is 165 cm tall but that’s all for text no one is gonna read aaaaaa-

Drew out my timeskip Lyra due to me wanting to update a few things in regards to her design (can’t believe it’s been almost two years since my timeskip designs HELP) but I hope you enjoy!

Twitter Link

[zarla-s]

[previous] [next]

In playing a game, we bring its artificial borders weight. In creating something, we inhabit that world to bring it life.

I started Handplates during a really difficult time in my life... no matter what happened, no matter how much things felt like they were falling apart around me or I was going to lose my mind or it all was just too much to bear, there’d always be another Handplates comic to do. Like clockwork that alarm in my head would go off and I’d get to work on the next one, no matter what was happening. It was always, always there. It’s hard to believe it’s been over seven years... a few more months to eight.

By my estimates, the next comic will be the last one. It doesn’t seem real, and when it does, it just makes me sad to think about... but I guess Undertale itself was about that too. How hard it is to let go, and when it’s time to say goodbye...

(I made some long long phone calls to my friends at home And I told them where I’ve been and the places I’m going And they said, “Wow, that’s incredible, but we already know, Because of that long long song you wrote.” - [x] )

[index] [patreon] [comicfury]

[ihaveanaversiontodecisions]

arthur wearing gold accents not just as an artistic choice but because John is the one who ultimately picks any color they wear post The Horrors™️ and he matches it to their eyes (if they're still sharing a body) or uses it as a way to show the world that arthur is his and to keep them intertwined in a way post separation

[dreameroftheblue]

And guilty I may be But don't give up on me In the wake of the Odyssey We will still be thick as thieves You and me, still thick as thieves

[lavellenchanted]

cloud petting baby chocobos (or, the most important thing ff7 rebirth has given me so far)

[knockknockwhosthereartistism]

The Reverse Grunkles + Bill

[ohmerricat]

something about this quote + missy's piano + his guitar. playing clara's theme as a remnant of a lost memory... when nothing is remembered, when nothing is left, still the song continues on. the long song – passed on through generations to every new queen of years, down along the eons. your song is ending but the story never ends

[biancadavri]

Oh don't get me wrong I'm sad we've been getting so little about the dwarven kingdoms as much as the next orzammar fan but hey! If you get really into surface dwarves and their lore you can get fuck-all about them too!

[starrypawu]

my hcs for purple's outfit!

also important note; in my mind everyone gets like,, their default outfits which are always their colour/hue, the ones theyre known for, that represents them, so purple changing his outfit into the new one is a bit of symbolism. how? idk you decide

[carouselunique]

What does applejack look like as a city pony? Did she grow to like the big city or does she still feel like she doesn't quite belong?

Here she is! City cousin AJ!

Oh, in Swap Six AJ thrives in the city.

See I always thought it was kind of a copout for her to not like the city and that be what guided her home - it is easy to follow your heart if your dream wasn’t for you at all. I think theres more emotional stakes in her decision if she actually loved her life, if she actually fit in and her country charm made her quite the little charmer, if she took to the hustle and bustle of Manehattan and it was everything she wanted. And she still felt herself guided home. Because a home can be any place as long as your family is there. And even if she one day dreams to come back she can still right now want to go back home.

And then one day, you realize that yeah, home IS the ponies you love. And sometimes you can leave a place you love, and still have that place to come back to but you actually feel ready to leave and go out on your own for a while. So that’s Swap Six AJ for you! Home will always be there if you need it, you can go anywhere and you’ll have a place to eat a family dinner.

So AJ is city cousin AJ, and luckily Sweet Apple Acres is in the capable hooves of Ginger Gold, Granny Smith and Big Macintosh, who always welcome her home happily when she visits.

[bacchuschucklefuck]

❗❗Official Class Swap Sorcerer!Kristen Post Alert❗❗ you can: look at her

[faaun]

what draws you back to your country what draws you back to your land when i was a kid i told myself if i ever left iran i'd never go back 2 years into living in the UK i started looking at news on iran again 10 years in and i visited it for the first time again and today i heard an iranian mother talk in farsi to her child on the train to london the way my mother used to and i wanted to cry i wanted to ask her whether they're still cutting the mountaintops whether the lakes are still drying today i showed the person i was with pictures of waterfalls and palaces and forests and snow-white north something odd pulls me back with increasing force i can't ignore it ever again

[cars-are-life]

[ambrosethedarling]

ENTER NIGHTWING!!!

[broncoburro]

Sighthounds in sweaters.