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Import Duty On Cut, Polished Diamonds, Gemstones Slashed To 5% From 7.5%

Budget 2022: The duty on sawn diamond will be nil in order to boost the sector. (Representational)
Budget 2022: The duty on sawn diamond will be nil in order to boost the sector. (Representational)
Finance Minister Nirmala Sitharaman on Tuesday announced cutting import duty on cut and polished diamonds and gemstones to 5 per cent while on sawn diamond to nil in order to boost the sector.
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