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Tiffany & Co. to Expand Lexington Manufacturing
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Kentucky's Governor, Steve Beshear, announced that Tiffany & Co. is expanding its manufacturing operations in Lexington, creating 75 new, full-time jobs and investing $2 million in the state's economy. The expansion comes less than two...
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Manufacturing
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Apr 26, 2013
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Jeff Miller
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Polished Markets
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Jan 29, 2013
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Dilipp S Nag
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Higher Import Duty to Increase Gold Smuggling in India
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, The increased gold import duty imposed by India's government may lead to more smuggling activity, but the tax is unlikely to have much of an impact on consumer demand in the world's largest gold market, industry observers said....
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Financial-Legal
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Jan 22, 2013
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Dilipp S Nag
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India Raises Gold Import Duty to 6%
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India increased the import duty on gold to 6 percent from 4 percent effective immediately to discourage the demand for gold, which is one of the key contributors to the country's large current account deficit. The government also...
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Financial-Legal
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Jan 21, 2013
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Dilipp S Nag
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India Hints at Raising Gold Import Duty
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India may consider raising the import duty on gold in order to control its widening current account deficit. The country’s deficit for the first fiscal half that ended on September 30, 2012 stood at $38.7...
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Financial-Legal
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Jan 03, 2013
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Dilipp S Nag
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Retail
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Jun 28, 2012
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Jewelers of America
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Higher Taxes in India Will Lower Gold Imports
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Gold imports for India, the world's largest consumer of yellow metal, are likely to fall significantly in 2012 due to increases in the customs duty. India's Finance Minister, Pranab Mukherjee, this past week proposed to double...
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Retail
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Mar 23, 2012
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Dilipp S Nag
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SDA Withdraws Thursday's Factory Closure Call
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The Surat Diamond Association (SDA) has withdrawn its call to close diamond factories in Surat on Thursday after the Gujarat state government gave its assurance to reassess the professional tax imposed on diamond manufacturers and...
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Manufacturing
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Mar 21, 2012
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Dilipp S Nag
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India Govt. Dismisses Revoking Jewelry Excise Duty
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India's Central Board of Excise and Customs (CBEC) has ruled out rolling back the 1 percent excise duty on jewelry as proposed in the Union Budget for 2012-13. CBEC stated that the effective tax rate...
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Retail
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Mar 20, 2012
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Dilipp S Nag
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Surat Diamond Industry to Shut Factories Thursday
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Surat diamantaires will shut their factories on Thursday to protest the Surat Municipal Corporation’s (SMC) decision to collect professional tax from diamond manufactures and workers."There is some issue related to professional tax and because of that...
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Manufacturing
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Mar 20, 2012
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Dilipp S Nag
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GJEPC Recommends Simplified Tax Regime
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Press Release: In a highly emotional plea to the government, the Gem & Jewellery Export Promotion Council (GJEPC), sought positive initiatives from the government for simplification of tax regime in the forthcoming budget during a press...
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Manufacturing
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Feb 09, 2012
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GJEPC
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JA Applauds Introduction of 'Main Street Fairness Act'
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Press Release: Jewelers of America (JA), the national trade association for businesses serving the fine jewelry retail marketplace, welcomes the introduction of the Main Street Fairness Act, which would close an Internet sales tax loophole that has hurt traditional jewelry businesses.On Friday, Senator...
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Financial-Legal
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Aug 01, 2011
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Jewelers of America
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Jindal Signs State Bill at Stuller Headquarters
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Louisiana's governor Bobby Jindal joined Matt Stuller, founder of Stuller Inc., in Lafayette to sign state bill 135 that extends a research and development tax credit for another six years. The governor's office stated...
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Manufacturing
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Jul 19, 2011
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Jeff Miller
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